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4iQ Secures $18 Million in Series B Funding from C5 and ForgePoint; Adds Board Members

New IdentityTheft Scam

LOS ALTOS, Calif.–()–4iQ,
a pioneer in identity attribution analysis and a leading provider of
intelligence for the largest identity theft protection vendors,
announced today that it closed $18 million in Series B funding, led by
C5 Capital and with participation by ForgePoint Capital, Adara Ventures,
and Benhamou Global Ventures (BGV). The new investment will be used to
accelerate product innovation and customer acquisition. Additionally,
André Pienaar, Managing Partner of C5 Capital, and Anik Bose, General
Partner of BGV, will join the 4iQ Board of Directors.

“The problem of data breaches and cyber-enabled crimes is getting
worse,” said Pienaar. “This investment signals an industry shift from
passive to active approaches. 4iQ helps investigators unmask the
individuals behind attacks.”

“Cryptocurrencies are here to stay,” said Alberto Yepez, 4iQ Board chair
and co-founder and managing director of ForgePoint Capital. “4iQ’s
identity attribution analysis capabilities are helping cyber-crime
investigation units at major cryptocurrency exchanges and financial
institutions unmask monikers, recover funds, prevent millions in fraud
losses, and stop future attacks.”

The 4iQ IDLake™ is an archive of more than 14 billion identity records
collected from open sources on the deep and dark web. “People reuse
passwords and that is not stopping any time soon,” said Bose. “Knowing
this, hackers launch new waves of attacks, as data from breaches spreads
with every sale, trade and post online. 4iQ helps turn the tide.”

The funding will be used to expand 4iQ’s IDHunt and IDTheft business
lines, powered by the 4iQ IDLake™ – cloud-based infrastructure
architected for security, privacy, and GDPR compliance.

  • 4iQ
    IDHunt
    helps analysts in Fraud Investigation Units, Anti-Money
    Laundering and Financial Crime Intel Units, and advanced Security
    Operations Centers leverage the 4iQ IDLake™ and Open Source
    Intelligence (OSINT) to discover, analyze, and uncover adversaries.
  • 4iQ
    IDTheft
    provides real-time alerts of stolen, leaked, or lost
    credentials and personal information to individuals via 4iQ partners –
    Identity Theft Protection service providers, Security vendors, and
    large enterprises.

“André Pienaar brings a depth of experience in Cyber Intel and Anik Bose
is an active investor with a strategic and practical perspective on
company building,” said Monica Pal, CEO of 4iQ. “They will accelerate
our mission to empower investigators with capabilities to discover,
uncover, and disrupt adversaries.”

The 4iQ Board includes Julio Casal, 4iQ founder and CTO and founder of
AlienVault (acquired by AT&T); Barmak Meftah, President of CyberSecurity
Solutions at AT&T Mike Rogers, former Chair of the House Intelligence
Committee; Alberto Gomez, Managing Partner of Adara Ventures; and Javier
Monzón, former President of Indra.

About 4iQ

4iQ is an identity intelligence company on a mission to empower intel
analysts, security researchers, and criminal investigators with
capabilities to discover, uncover, and disrupt adversaries. The 4iQ
IDLake™ archives more than 14 billion identity records collected from
open sources on the deep and dark web from breaches and other open
sources. It powers 4iQ IDHunt, a pioneering identity intelligence and
attribution analysis solution used by Fraud Investigation Units,
Anti-Money Laundering and Financial Crime Intel Units, and advanced
Security Operations Centers. The 4iQ IDLake™ also powers 4iQ IDTheft,
used by some of the largest Identity Theft Protection service providers
to alert millions of consumers of exposed personal information. 4iQ is
headquartered in Los Altos, CA and backed by ForgePoint Capital, C5
Capital, Adara Ventures, and Benhamou Global Ventures. For more
information, please visit www.4iQ.com.

About ForgePoint Capital

ForgePoint Capital is a $300 million fund exclusively investing in
cybersecurity companies. The firm brings deep industry expertise and a
strong network of relationships. ForgePoint’s 52-person Cybersecurity
Advisory Council includes industry CEOs, security entrepreneurs, senior
information security executives, and former government security leaders.
Portfolio companies include 4iQ, Attivo, Appthority (acq. by Symantec),
Attivo, Bayshore Networks, BehavioSec, CyberCube, ID Experts, IronNet
Cybersecurity, LoginRadius, Prevoty (acq. by Imperva), ReversingLabs,
Trusted Key, and Uptycs. ForgePoint’s principals have been investing in
cybersecurity since 1998 and have made a total of 38 cybersecurity
investments.

About C5 Capital

C5 Capital Limited (C5) is as specialist venture capital firm, focusing
on Innovative Technologies in Cyber Security, Artificial Intelligence,
and Cloud Computing. Headquartered in London, C5 also has offices in
Washington, Munich, Luxembourg, and Bahrain.

About Benhamou Global Ventures (BGV)

BGV is an early-stage venture capital firm with deep Silicon Valley
roots and an exclusive focus on digital transformation of enterprise
with a cross-border innovation theme. The BGV team has successfully
built and implemented a cross-border venture investing model with
companies from Israel, Europe, and Asia. BGV currently has 21 active
companies in its portfolio with a majority conceived outside Silicon
Valley, and now headquartered in the US. The fund was founded by Eric
Benhamou, former chairman and CEO of 3Com, Palm, and co-founder of
Bridge Communications. Comprised of an experienced partnership team of
global operating executives and investors, BGV is often the first and
most active institutional investor in a company, leveraging a powerful
network of technical advisors, executives, and functional experts who
actively engage with portfolio companies. The firm has offices in Palo
Alto, California, Tel Aviv, Israel, and presence in France and in India
through the Arka Venture Labs.

About Adara Ventures

Adara Ventures is a Madrid-based venture capital firm managing over €150
million in capital, and investing in Western European early-stage
companies, with a particular focus on Cybersecurity, Horizontal and
Vertical Data/AI solutions, Cloud computing, and Enterprise/Industrial
software. Specialized in helping European companies expand globally,
half of Adara’s 26 portfolio companies have either scaled from their
home base to Silicon Valley or have reached an exit in that market.
Cybersecurity portfolio investments include AlienVault (acquired by
AT&T), 4iQ, CounterCraft, and Hdiv Security.

Source: on 2018-12-11 12:03:45

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