SnapAttack announced an $8M funding round led by Volition Capital. The raise was completed in connection with SnapAttack’s recently announced spinout from Booz Allen Hamilton. In addition to Volition Capital, participants in the raise include Strategic Cyber Ventures (SCV) and Booz Allen Hamilton, continuing its investment in the newly independent company.
“Platforms that empower threat hunters and lead the cybersecurity industry to be more proactive will help turn the tide against the onslaught of attacks we’re seeing across the Federal government and commercial sectors,” said Roger Hurwitz of Volition Capital. “We believe SnapAttack can help lead the change from reactive to proactive.”
SnapAttack currently has the most extensive library of labeled attacks in the world, giving the platform the ability to help security teams deploy high-quality, validated analytics based on real hacker tradecraft. The platform’s user community continually adds to and refines analytic content, which can be immediately validated, deployed, disseminated and shared.
SnapAttack is unique in the market by combining offensive (red teaming) and defensive (blue teaming) tradecraft to identify security gaps and improve advanced behavioral detections. The vendor-agnostic platform integrates across SIEM, EDR/XDR, and cloud solutions.
In today’s world, most organizations are in a constant state of incident response. SnapAttack offers a proactive solution; a security platform focused on attack emulation, detection-as-code and continuous development and validation of robust behavioral analytics. Using SnapAttack empowers organizations to provide quality detection logic to their technology stacks and prevent attacks before they run their course.
“SnapAttack is poised to empower a new level of collaboration among the next generation of ethical hackers, threat hunters and security researchers providing advanced insights to stop attackers in their tracks,” said Fred Frey, CTO and founding member of the SnapAttack team.
With the funding, the company plans to accelerate platform development to further integrate across security operations processes, manage the entire lifecycle of detection analytics, and enhance reporting.
In addition, it plans to drive additional threat intelligence and analytic content types into the platform to create the most robust and comprehensive detections with minimal human interaction. Key team expansion will be focused on product, engineering, and sales to drive product adoption and grow their customer base across Federal and Commercial markets.