Flare, a global leader in Threat Exposure Management (TEM), announced its $30 million Series B Round led by Base10 Partners with participation from Inovia Capital, White Star Capital, and Fonds de solidarité FTQ.
Flare has also seen consistent traction, with triple-digit year-over-year growth in 2023 and 2024. It expects to increase investments in EU expansion and further accelerate growth in North America and Europe. As Flare continues expanding its market presence, the solution has been pivotal in driving growth for its customers.
The Series B funding places Flare as the leader in Security Intelligence and Threat Exposure Management for the enterprise and mid-market. And Flare is utilizing the latest advances in Language Models and advanced data science techniques to extract insights from one of the world’s most sophisticated cybercrime data sets.
In August 2024, Flare launched its Threat Flow module – the security industry’s first transparent generative AI application that offers timely and trustworthy reports of threat actor activity on the dark web, enabling scaled research and reporting for security teams.
KEY QUOTES:
“What sets Flare apart is their superior data collection capabilities – providing us with actionable intelligence on attacker-used credentials and target systems that directly informs our testing. The platform integrates seamlessly into our business model, allowing us to deliver more realistic and valuable assessments to our clients. In an industry where staying ahead of threat actors is crucial, Flare’s comprehensive threat intelligence capabilities significantly outperform competing solutions.”
- Kevin Johnson, CEO of Secure Ideas
“Flare’s rapid growth and relentless drive for innovation make it a natural fit for us to partner with them. Norman and team have taken a unique approach to threat exposure management that raises the bar in cyber intelligence, empowering security teams to stay ahead in an increasingly complex landscape. Flare’s dedication to integrating advanced language models and data science to deliver meaningful, actionable insights aligns for cybersecurity perfectly with our mission to support founders who solve real-world problems for the many, not just the few.”
- Jason Kong, Partner at Base10 Partners
“With this investment round, Flare is well-positioned to enhance its exposure data collection capabilities and advance the application of generative AI in threat intelligence use cases.”
- Industry analyst and cybersecurity thought leader Richard Stiennon, former Gartner VP and current Chief Research Analyst at IT Harvest
