Two former U.S. Army vets who were classmates at West Point and Harvard just raised more cash for their security startup.
Seattle-based Stabilitas reeled in another $1.6 million for its AI-powered threat response software used by security teams at Fortune 50 and Fortune 500 companies across the country, including AXA and Travel Leaders Group.
Stabilitas combines crowdsourced expert knowledge with technology to help alert customers of safety incidents that may affect traveling employees and other assets.
“Stabilitas delivers real-time intelligence for mission-critical operations at global companies, primarily selling to their Security Operations Centers as our market beachhead,” said Greg Adams, CEO and co-founder. “We help them understand events that may impact their most important assets: their people, their supply chain, and their facilities. We have also made inroads in the travel industry, providing pre-travel advice and information to travelers through travel management company partnerships.”
Adams said the company’s secret sauce is using machine learning to aggregate security data quickly and “with more depth than otherwise possible with people alone.”
“This is backed by intelligence analysts coming from the military and national intelligence community, who label and enrich our training data,” he added.
Past military experience helped drive Adams and his co-founder Chris Hurst to create Stabilitas in 2013.
Adams was a Special Forces Team Leader in western Afghanistan and helped coordinate with various organizations across business, government, and non-profits. Hurst was an Army Diver and led engineering teams throughout the Middle East, Asia, and South America before running a risk management team at Mercy Corps. The co-founders attended West Point together and were also classmates at the same program at Harvard.
Total funding in Stabilitas is $3.4 million. Investors include Tappan Hill Ventures, TFX Capital, CrowdSmart, AoA, Bellingham Angels, Cascade Angels, Pasadena Angles, and the Santa Barbara Angels. The 8-person company also received $1.1 million from the National Science Foundation awards.
Another Seattle startup, Factal, recently launched with a similar product that provides incident updates to help companies protect employees and assets from threats around the globe.