The funding round was led by Insight Partners and included participation from Cisco Investments, Ansa Capital, M12, Ballistic Ventures, and Decibel.
The funding round was led by Insight Partners and included participation from Cisco Investments, Ansa Capital, M12, Ballistic Ventures, and Decibel.
Founded in 2017, SpecterOps has built a reputation for its adversary-focused security solutions, including its open-source BloodHound Community Edition, which maps Active Directory attack paths to help organizations mitigate security risks.
San Jose-based Cisco continues to expand its security portfolio, backing SpecterOps as part of its broader effort to strengthen its leadership in cybersecurity. Soo Jin Park, head of Cisco Investments and corporate development, called SpecterOps a pioneer in adversary-focused cybersecurity, stating, “Recognizing the critical need for security solutions that address these challenges, Cisco Investments is proud to announce our investment in SpecterOps.
By supporting SpecterOps’ innovative approach to identity security and attack path mapping, we aim to enhance our own capabilities and better serve enterprises seeking comprehensive protection against sophisticated cyber threats.”
Cisco’s investment follows a strong year for its security division, which reported 117 percent year-over-year growth, reaching $2.11 billion in revenue in the most recent fiscal quarter.
SpecterOps CEO David McGuire emphasized the growing threat of identity-based attacks, explaining, “Identity-based threats are growing, often due to the increasing complexity of enterprise identity architectures, and enterprises need a proactive, dynamic approach to stay ahead. Our Attack Path Management methodology helps organizations manage identity risk by treating the identity ecosystem as a living, interconnected graph, continuously detecting and addressing attack paths.”
The new funding will be used to expand SpecterOps’ platform, accelerate research and development, and grow its consulting, sales, and marketing efforts.
This round follows SpecterOps’ Series A funding in 2023, which was extended with an $8.5 million investment from Ballistic Ventures, bringing the total to $33.5 million at the time. With this latest investment, SpecterOps is positioned to scale its solutions and help enterprises stay ahead of modern cyber threats.
Sara Montes de Oca is the Editor in Chief of TechEchelon. Previously a correspondent and producer in Washington, D.C., covering business, finance, and politics.
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