Real-time event and risk detection company Dataminr Inc. today announced that it intends to acquire cyberthreat intelligence and risk quantification company ThreatConnect Inc. for $290 million.
Founded in 2011, ThreatConnect offers a unified intelligence and operations platform that marries threat intelligence, security orchestration and automation and cyber risk quantification. The company’s platform allows organizations to collect intelligence from multiple sources, process and correlate those signals and feed actionable output into workflows that help security teams respond.
ThreatConnect focuses on operationalizing threat intelligence, embedding it into the security lifecycle so teams can act swiftly and with confidence. As the company puts it, it aims to make threat intelligence operations central to security programs.
Its approach addresses common pain points in security, including too many disparate feeds, little context and slow manual reaction. It offers organizations tools for automation, analytics and knowledge capture that reduce mean time to detect and mean time to respond.
ThreatConnect also offers cyber risk quantification capabilities that include translating technical vulnerabilities, control gaps and threat exposures into business-impact metrics and financial terms.
The customer base includes 250 leading enterprise and government organizations, including one-third of the Fortune 50. Notable customers include Natwest Group plc, Nike Inc., Wells Fargo & Company, Wyndham Hotels & Resorts Inc. and General Parts Co.
Post-acquisition, Dataminr plans to fuse its external public data signals with ThreatConnect’s deep internal data capabilities to create an agentic AI-powered, client-tailored event, threat and risk intelligence offering. Dataminr Pulse for Cyber Risk and ThreatConnect will become a joint offering to give customers client-tailored threat intelligence, risk-based prioritization and faster, more precise responses.
Dataminr also plans to leverage ThreatConnect’s core platform capabilities and deep expertise to accelerate internal client data fusion from numerous additional partner and client data environments spanning the physical, digital and cyber domains.
“By uniting our AI platform with the capabilities of ThreatConnect, Dataminr will accelerate our roadmap for fusing external public data signals and internal client data to deliver the first-ever real-time client-tailored intelligence,” said founder and Chief Executive Ted Bailey. “The future of Dataminr’s real-time intelligence will be context-aware, adaptive and personalized to the unique needs of every organization — enabling our clients to not just understand what is happening, but what it means to them, and how they should respond.”
Coming into its acquisition, ThreatConnect had raised at least $20.1 million over three rounds, according to data from Tracxn. Investors in the company include Societe Generale S.A., Grotech Ventures LP and SAP NS2 Solutions.
Photo: ThreatConnect
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