Over the Paywall – Good Info News Wire
Key Facts
- Netcraft, a cybersecurity company, has received a $100 million investment from Spectrum Equity Management.
- Ryan Woodley takes over as CEO of the company, which analyzes over 5 million threat reports and suspicious web addresses a day.
- Netcraft aims to grow its U.S. business and further develop its technology, with a particular focus on utilizing AI for defense against cybercrime.
Cybersecurity firm Netcraft has garnered a $100 million investment from growth-investment company Spectrum Equity Management. Part of Netcraft’s expansion strategy includes developing artificial intelligence (AI) techniques to protect businesses from increasingly sophisticated cybercrimes. Ryan Woodley, who has held senior positions at DigiCert and Progressive Leasing, has assumed the role of CEO. Netcraft, established in 1994, operates in 100 countries and counts ten of Europe’s 20 largest banks among its customers. The investment from Spectrum Equity is set to enable Netcraft to establish dedicated sales and marketing teams, marking a first for the company. Netcraft also plans to bolster its workforce by approximately 30% and expand its U.S. operations, which presently account for around 25% of its revenue.
Read the Full Story www.wsj.com – 2023-07-18 09:30:00
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