Microsoft's corporate venturing unit has led a series B round for SpyCloud, which increased the cybersecurity platform's overall funding to $28.5m.
US-based cybersecurity technology developer SpyCloud collected $21m yesterday in a series B round led by M12, the corporate venturing subsidiary of software producer Microsoft.
The round also included participation from venture capital firms Altos Ventures and Silverton Partners, as well as investment firm March Capital Partners.
Founded in 2016, SpyCloud has developed technology that protects employee and customer accounts from fraudulent activity by identifying potential security breaches and automatically promoting the user to change their password.
The capital will be…
