October 19, 2023 at 05:09PM
Leading cybersecurity firm, Spec, has successfully closed a $15M Series A funding round led by SignalFire, with participation from Legion Capital and Rally Ventures. The funding will support Spec’s continued growth and innovation, including advancing their platform, expanding their threat labs, and co-developing specialized products. Spec is dedicated to providing advanced fraud detection and defense solutions to protect enterprises against emerging threats.
In a recent press release from Spec, a leading cybersecurity firm, it was announced that the company has successfully closed its $15M Series A funding round. SignalFire led the funding round with participation from Legion Capital and Rally Ventures. Spec’s platform has developed from a prototype during the early days of the pandemic to become a solution that invisibly protects enterprises processing billions in online transactions. The platform scans the entire customer journey, identifies threats and attacks, and deploys countermeasures to combat AI-powered attack tools. This new investment will fuel Spec’s growth and innovation, enabling them to advance their platform and increase visibility and control over attack detection and remediation. They also plan to expand their threat labs and co-develop specialized products with partners to address fraud problems that customers cannot fix with single point solutions. The company’s co-founder and CEO, Nate Kharrl, expressed excitement about the continued partnership with SignalFire and gratitude for the support from Legion Capital and Rally Ventures. Kharrl also emphasized the importance of trust and support from enterprise customers, the board, and investors in Spec’s success. Spec is a leading cybersecurity firm specializing in advanced fraud detection and defense, dedicated to providing businesses with unparalleled fraud security solutions. For more information, visit www.specprotected.com.