SnapAttack announced a $8 million fundraising round led by Volition Capital. SnapAttack recently announced a spinoff from Booz Allen Hamilton, and the funding was completed in conjunction with that announcement. Strategic Cyber Ventures (SCV) and Booz Allen Hamilton, which is maintaining its investment in the newly independent business, are among the investors in the round.
“Platforms that empower threat hunters and lead the cybersecurity industry to be more proactive will help turn the tide against the onslaught of attacks we’re seeing across the Federal government and commercial sectors. We believe SnapAttack can help lead the change from reactive to proactive,” said Roger Hurwitz of Volition Capital.
SnapAttack presently contains the world’s most comprehensive collection of labelled cyberattacks, allowing security companies to apply high-quality, validated analytics based on real hacker tradecraft. The platform’s user community is constantly improving and adding to analytic content, which can be confirmed, deployed, distributed, and shared right away.
SnapAttack is unlike anything else on the market since it combines offensive (red teaming) and defensive (blue teaming) tradecraft to find security flaws and strengthen advanced behavioural detections. The platform integrates SIEM, EDR/XDR, and cloud technologies and is vendor agnostic.
In today’s world, most businesses are constantly responding to incidents. SnapAttack is a proactive solution that consists of a security platform that focuses on attack emulation, detection-as-code, and the ongoing development and validation of sophisticated behavioural analytics. Organizations can use SnapAttack to give high-quality detection logic to their technology stacks, preventing assaults before they start.
“SnapAttack is poised to empower a new level of collaboration among the next generation of ethical hackers, threat hunters and security researchers providing advanced insights to stop attackers in their tracks,” said Fred Frey, CTO and founding member of the SnapAttack team.
The funding will be used to speed up platform development, allowing the company to better integrate security operations processes, manage the complete lifecycle of detection analytics, and improve reporting.
It also intends to integrate more threat intelligence and analytic content kinds into the platform in order to develop the most powerful and complete detections with the least amount of human input. To increase product adoption and build their customer base across Federal and Commercial markets, key team growth will be focused on product, engineering, and sales.