SpecterOps – a provider of adversary-focused cybersecurity solutions born out of unique insights of advanced threat actor tradecraft – recently announced it extended its Series A to include an $8.5 million investment from Ballistic Ventures. This brings SpecterOps’ Series A total to $33.5 million.
This funding will further drive the significant adoption of BloodHound Enterprise (BHE), the industry’s first platform for comprehensively removing identity attack paths in Microsoft’s Active Directory (AD) and Azure AD. It will also expand research and development initiatives across SpecterOps, including BloodHound free and open-source software (FOSS). The most recent version of BloodHound FOSS was released in April 2023.
As part of the deal, Ballistic Ventures Co-Founder and Strategic Partner Kevin Mandia, the CEO and founder of Mandiant, will serve as an Observer to SpecterOps’ Board of Directors. And in April, SpecterOps announced a $25M investment led by Decibel, with several individual investors such as Jon Oberheide and Dug Song, the co-founders of Duo Security.
BloodHound Enterprise launched in 2021 and was inspired by the success of BloodHound FOSS, which has become a wildly popular tool for penetration testers and red teamers to identify Attack Paths within on-premises Active Directory and Azure AD cloud environments. And BloodHound Enterprise experienced rapid customer adoption in 2022, with significant product revenue growth and new customer acquisition growing by more than 600%. Today, BloodHound Enterprise is used worldwide by companies like Capital Group, the University of Texas at Austin, and Woodside Energy.
KEY QUOTES:
“SpecterOps is solving for a crucial security problem in a way that both works for defenders and can make dramatic improvements to users’ overall security posture. Ballistic looks forward to their continued success and impact.”
— Ballistic Ventures Co-Founder and Strategic Partner Kevin Mandia
“We’re excited to be working with Ballistic – their cybersecurity experience and knowledge is unmatched and their support, resources and mentorship will help us take our work to another level. This additional round reinforces a growing acceptance of the need for practical solutions to identity-based threats, especially as the industry moves toward Zero Trust and identity becomes a more critical part of digital infrastructure.”
— David McGuire, CEO of SpecterOps
