Spyderbat secured $4.2 million in Funding round led by LiveOak Venture Partners


Spyderbat Inc, an Austin, Texas-based cybersecurity company has now secured $4.2 million in a seed funding round.

Spyderbat is co-founded by Brian Smith and Marc LeMair. It develops innovative solutions for organizations to handle early threat discovery and investigation.

Executive Opinion

Marc Willebeek-LeMair, Spyderbat’s CEO, said, "Security operations today lack clear information to identify and resolve early indications of a threat. Shifts to cloud-native environments exacerbate this challenge. Today, triage and investigation are painfully complex, time-consuming, and often lead to erroneous or inconclusive results. We realized an entirely new approach was needed to revolutionize security operations to radically improve its efficiency."

Venu Shamapant, Founding Partner at LiveOak Venture Partners, said, "Marc and Brian are addressing one of the biggest challenges in security operations. We recognize the experience of the founders to deliver market-changing innovations and are excited to accelerate their efforts."

Spyderbat's Latest Funding

The round was backed by the Benhamou Global Ventures and LiveOak Venture Partners with participation from the cybersecurity expert John McHale.

Post funding, Venu Shamapant from LiveOak Venture Partners and Venkat Raghavan from Benhamou Global Ventures will now join as the Spyderbat’s Board of Directors team, notes the announcement.

The company, as of now, has plans to use the new funds to accelerate the development of its product launch with a new approach to security operations, later this year.
PC: Pablo, Pexels

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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