4IQ receives €14M round to go international
4IQ is a Spanish company, which tracks terrorism and hacktivism on the internet through data analysis. 4iQ has raised $14M in a financing round led by venture capital fund Trident Capital Cybersecurity. The aim of this first round is, according to the company itself, to advance in the process of internationalisation of the brand.
4IQ aims to enter Germany, England, France, Mexico and Portugal. In addition to Spain, the technology company is already present in European and Latin American countries such as Colombia, Switzerland, Chile and Panama. To undertake this new expansion, 4IQ needs to further develop its product to take it to another level of maturity and advance in marketing. This is the reason for the recent opening of offices in Silicon Valley and the hiring of a new sales team.
Using analytics to prevent crime
4iQ's goal is to stop and prevent the amount of crime and fraud that is committed both on and through the Internet. They use intelligence but in a much more sophisticated sense. In addition to analysing the open web, they analyse social networks, the deep web and the dark web, the latter two of which are difficult to monitor.
4IQ's competitors have also received investment recently.
Companies using analytics to provide cybersecurity solutions are receiving investment and if 4IQ wanted to be competitive in the market it needed resources to be able to expand its geographic market and improve its product.
Thus Skybox for example integrates threat data from various sources into corporate networks and rates relative risks. The California-based company, founded in 2002, has already received a total of €118.8M in two rounds. The last of these was in February 2016.
Rapid 7 is another example of a company that has grown considerably in recent years. Founded in 2000, the Boston-based company has realised 4 acquisitions and in 2015 it went public. The latest company to buy Rapid7 is Logentries, a real-time log management and analytics service.
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