萝莉视频

secured a $30 million Series C round to power its account takeover prevention and fraud investigations tools.

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led the Austin-based company鈥檚 round with participation from existing investors , , and . The new investment gives the company a total of $58.5 million raised since its inception in 2016, according to 萝莉视频 data. This includes a closed last year and led by M12.

As part of the investment, Centana Growth鈥檚 Partner joins SpyCloud鈥檚 board.

Criminals are constantly developing new ways to collect and weaponize stolen information to harm organizations and individuals, , SpyCloud co-founder and CEO told 萝莉视频 News.

鈥淲e鈥檝e seen some severe results where someone鈥檚 life savings can be gone overnight,鈥� Ross said. 鈥淥ur job is to ultimately rip the carpet out from underneath criminals so they can鈥檛 use your information.鈥�

After closing its Series B, he said having M12 lead the round 鈥渉elped put us on the map,鈥� and SpyCloud experienced accelerated growth, adding both big and small clients鈥攖he company now protects 2 billion people鈥攚hich resulted in a tripling of its revenue last year.

With the new investment, SpyCloud plans to grow its product, engineering and sales teams domestically and abroad, as well as build new ways to detect and prevent fraud. The company has 70 employees with a goal of adding 30 new people, such as machine learning developers, data scientists and go-to-market experts.

鈥淲e鈥檝e now been preventing account takeovers for four years, protecting individuals and enterprise, so the data we鈥檝e collected, we want to analyze it and provide new services beyond account takeover,鈥� Ross added.

A new service being tested with customers is SpyCloud at Home.

鈥淧eople are now sitting at home with their work computers next to their significant others鈥� and children鈥檚 unsecured laptops and phones,鈥� he added.

Illustration: iStock