IID has been helping organizations mitigate cyberattacks for the past 17 years, building a 65-person company in Tacoma. Now, the company, which earlier this year rolled out its ActiveTrust platform for sharing cyberattack incident data, has reeled in $8 million in funding from Bessemer Venture Partners.
It marks the first outside investment in the company, which is led by co-founders Lars Harvey and Rod Rasmussen.
“This financing is important in helping IID scale and we’re enthusiastic about partnering with the BVP team, which brings unrivaled expertise founding and funding dozens of cloud-based security pioneers, such as VeriSign, Postini and LifeLock,” said Harvey. “I’m extremely proud of the steady growth that has spanned nearly two decades at IID, and it’s exciting to impact how Fortune 1000 companies and large government agencies share threat intelligence moving forward.”
IID’s ActiveTrust platform helps government agencies, businesses and other organizations set up “intelligence feeds” to better track and share cyberattack data. Rasmussen said that it is “mind-boggling that threat intelligence sharing is stuck in the ‘90s” — largely conducted via email. That’s a problem that the company is looking to fix with ActiveTrust, making it easier for agencies to share siloed information.
Bessemer earlier this year invested $8 million in Simply Measured, the Seattle social media analytics startup.