SAP has led a series B round for ThreatConnect as the two prepare to jointly develop a version of the company's cyber threat detection software for SAP''s database product.
ThreatConnect, a US-based developer of cyber threat detection software, closed a $16m series B round today led by SAP National Security Services, a subsidiary of enterprise software provider SAP.
The round also included Grotech Ventures, the venture capital firm that led ThreatConnect’s $4m series A round in November 2014, and undisclosed strategic investors.
ThreatConnect’s software aggregates, analyses and combats sophisticated cyberattacks against businesses. The company claims that its lead product is the most widely-adopted threat intelligence platform on the market.
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