ATO Prevention Platform Secures $5 Million

SpyCloud closed a $5 million Series A funding round from existing investors Silverton Partners and March Capital Partners.

According to the company, SpyCloud security researchers using proprietary collection techniques amassed the industry’s largest, highest-quality repository of exposed accounts, leaked passwords, and personally identifiable information (PII), with more than 32 billion current assets and billions of new assets being added every month. Enterprises use SpyCloud’s data and fully-automated tools to detect exposure, and force password changes before compromised employee accounts are used in nefarious ways. They also surface compromised devices that are infected with keyloggers or malware.

SpyCloud will use the new infusion of funding to rapidly grow by accelerating product development, conducting deeper security research, continuing to expand its asset database, and hiring additional team members.