Lowenstein Sandler represented PeakSpan Capital as lead investor in the $25.2 million Series B funding round in SOCRadar, a leading provider of enterprise-grade, end-to-end threat intelligence and brand protection. The round included participation from Oxx.
SOCRadar is dedicated to delivering pre-emptive defense against cyber threats, such as ransomware, phishing, and BEC, as well as all externally sourced attacks, and, most importantly, to detect and prevent attacks before they happen. The company has reached over 25,000 freemium customers from 150+ countries worldwide and boasts 600+ active paid customers alongside 350+ channel partners.
The funds raised in the Series B round will primarily be used to drive the company's expansion in the U.S. market, invest in the EU market to strengthen the company's strong presence in the region, continue to penetrate the Managed Service Provider (MSP) and Managed Security Services Provider (MSSP) markets, and invest in research and development. Specifically, SOCRadar will continue to utilize artificial intelligence (AI) across all aspects of its platform to enhance threat detection, response, and automated remediation capabilities.
PeakSpan Capital is a growth equity firm based in New York City and San Mateo. Having partnered with over 40 high-growth software businesses and with $1.5B+ in AUM, PeakSpan's mission is to be the partner of choice for growth-stage entrepreneurial teams who are building amazing software targeted at business buyers of all sizes. PeakSpan combines deep domain expertise within a select number of themes with a proprietary technology platform providing visibility into company and market performance to help disruptive entrepreneurs drive resilient, risk-adjusted value creation.
The Lowenstein deal team included Anthony O. Pergola, Amy S. Mushahwar, Christian C. Contardo, Sarah Gore, Brianne L. Polito, P. Kai Knight, Sara Uz, and Waleey Fatai.
