EclecticIQ’s main product is its threat intelligence platform (TIP) for monitoring and defending against cyber-attacks. Its core markets are financial institutions and government agencies in the protection of critical data and responding to incidents. The startup does not identify any of these clients.
“The technology of aggregating multiple sources of intelligence is important, and we are recognized as leading the CTI [cyber threat intelligence] market in that regard, however process enablement is where our technologies really make a difference. EclecticIQ focuses on incorporating analysts’ insights into enterprise workflows,” said Joep Gommers, CEO of Eclectic IQ, formerly of iSIGHT Partners before it was acquired by FireEye.
This €5.5 million investment is one of the larger of Series A round in cybersecurity startup, according to EclecticIQ. The Amsterdam startup, which also has a London office, previously raised €1.5 million.
“We are excited to join EclecticIQ as a shareholder; EclecticIQ’s fundamental belief that the end-user should be at the center, leadingto a better and more efficient CTI process really resonates with us,” Corné Jansen, Director at INKEF Capital. “EclecticIQ’s approach already delivers significant value to early enterprise customers in government and financial services, and we expect adoption to accelerate quickly.”