Strategic intelligence platform startup Strider Technologies raises $45M

Strategic intelligence platform startup Strider Technologies raises $45M

Posted on

Strategic intelligence platform startup Strider Technologies Inc. has raised $45 million in new funding to enhance existing products, introduce new capabilities and expand its headcount and geographic presence to support demand across industry and government markets.

Valor Equity Partners led the Series B round with DataTribe, Koch Disruptive Technologies and One9 Ventures also participating.

Founded in 2019, Strider provides data and software designed for Fortune 500 companies, government agencies and research institutions to protect their innovation and compete in a new era of global strategic competition. The company’s service identifies, manages and responds to nation-state-directed activities targeting personnel, intellectual property and supply chains.

Strider argues that governments are leveraging commercial means to achieve national strategic objectives. With this increase in economic statecraft, Striker claims companies and organizations are now on the front line of a new geopolitical battle.

The company’s platform illuminates risks to an organization through actionable data and cutting-edge technology. The Strider Intelligence Platform is claimed to be the first software-as-a-service platform to deliver strategic intelligence specifically designed to visualize, manage and respond to risks across an organization.

In a time of increased nation-state hacking and espionage activity, Striker has not surprisingly seen substantial growth. The company saw an increase in annual recurring revenue by over 450% in 2021 with a customer retention rate of 100%. Strider’s customers include Fortune 500 companies in the semiconductor, pharmaceutical, aerospace and defense, and energy and chemicals industries. Strider also has contracts with government agencies.

Strider will in part use the new funding to expand its team of intelligence specialists, data scientists, software engineers and professional and operational support staff “all dedicated to protecting the ideals and innovations of the free world.”

“Strider is the first company to arm its customers with data intelligence to close the critical security gaps that nation-state actors have exploited for decades,” Costa Saab, chief technology officer of Valor Equity Partners and a former senior executive at the Central Intelligence Agency, said in a statement. “Strider’s solutions are groundbreaking and critical for any organization operating in this increasingly competitive and complex global marketplace.”

Including the new funding, Strider has $57 million to date.

Image: Strider Technologies

Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Join the community that includes Amazon Web Services and CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *