NEW YORK — Flashpoint, a provider of Business Risk Intelligence (BRI), has secured $34 million in new financing and investment. In addition to the company’s raise of $6 million in new equity from investors, Bank of Montreal’s (BMO) Technology and Innovation Banking Group has provided $28 million in debt financing.
Flashpoint plans to use this new capital to accelerate innovation and product development, expand its data collections, and expand customer acquisition and support worldwide.
“This is an exciting time for Flashpoint, and it is an honor to have such strong and committed financial partners,” said Josh Lefkowitz, CEO and Co-Founder, Flashpoint. “Some have been with us since almost the beginning, and some are newer to the Flashpoint family, but they all equally understand and support our mission of providing security and intelligence solutions that help our clients combat fraud, insider threats, physical security risks, and also improve their vulnerability management.”
“With an incredible leadership team, Flashpoint has done tremendous work in 2019 to broaden its product portfolio and enrich its data collections to help better protect companies on a global scale,” said Andre Salvi, Head, Technology & Innovation Banking, BMO. “We look forward to working with Flashpoint and are eager to support them as they accelerate their innovation and growth.”
This year, Flashpoint has delivered new innovations, enhancements, and analytics that strengthened the Flashpoint Intelligence Platform, which grants access to the company’s archive of finished intelligence reports, data from illicit forums, marketplaces, chat services, paste sites, technical data, card and account shops, and vulnerabilities, as well as expanded integrations with Anomali, ThreatConnect, ThreatQuotient, and Splunk.
Other investors in Flashpoint include: Georgian Partners, Greycroft Partners, TechOperators, K2 Intelligence, Jump Capital, Leaders Fund, Bloomberg Beta, and Cisco Investments.