Emerging Threats Completes Over $1M Seed Round
Investment from Elevate Ventures, HALO Capital Group, and Co-investor Lawrence
Ventures Enable Emerging Threats to Continue Resource and Product Expansion
LAFAYETTE, Ind., Jan. 22, 2013
LAFAYETTE, Ind., Jan.22, 2013 /PRNewswire/ --Emerging Threats, a
world-leading provider of open source and commercial threat and malware
intelligence, today announced it has completed its initial round of over $1M
of funding from Elevate Ventures, HALO Capital Group, (an angel investor
network managed by technology growth initiative TechPoint), and Lawrence
Ventures. This round of seed funding will be used to expand Emerging Threats'
malware intelligence product lines and increase staff in development, product
management, and sales to meet the increasing market demand of Emerging Threats
(Logo: http://photos.prnewswire.com/prnh/20130122/DE45641LOGO )
Elevate Ventures is a venture development organization that provides capital
and entrepreneurial assistance services to connect high-potential, high-growth
companies with the resources they need to succeed long-term.
HALO (Hoosier Angels Looking for Opportunities) is a group of successful
Indiana entrepreneurs seeking to invest in up-and-coming companies, offering
capital (typically within the range of $250,000 to $2 million) and management
expertise to high-potential start-ups. HALO has invested nearly $20 Million
in Indiana companies.
Lawrence Ventures invests in early-stage companies and provides business and
strategic advisory services to companies pursuing mergers and acquisitions,
sale transactions and venture capital.
Emerging Threats continues to gain momentum in the marketplace by licensing
its ETPro™ Ruleset and IQRisk™ Suite of threat and malware intelligence
solutions. In 2012, Emerging Threats has secured major customers while
exponentially increasing revenue over the previous year. The continued rise in
global malicious threats, malware, and malware variants has increased year
over year with a staggering amount of billions of these threats annually.
These attacks are no longer limited to large organizations. With over 50% of
the attacks breaching SMEs and smaller business, the demand for malware
prevention and threat intelligence has skyrocketed.
"It's exciting to partner with investors that understand our vision and share
our passion for what we do; we are pleased to have Elevate Ventures, HALO
Capital Group, and Lawrence Ventures contribute to our seed funding," said Ken
Gramley, CEO of Emerging Threats. "Our Investors identified Emerging Threats
as a company with amazing potential in the fast growing network security
market, which includes threat and malware intelligence. The company has grown
significantly every quarter in 2012, and this seed round will allow us to keep
the momentum going throughout 2013."
"Elevate Ventures is committed to helping emerging, high-potential businesses
like Emerging Threats become successful," said Stephen Hourigan, CEO of
Elevate Ventures. "Emerging Threats continues to gain market share in the
malware and threat intelligence space because of its solid products and
impeccable reputation in the industry, and we are excited to see the progress
they have made in the past year."
"We are excited to help innovativecompanies like Emerging Threats continue
their path to success," said Bill Godfrey, a HALO Capital Group investor and
member of Emerging Threats board of directors. "The increase in malicious
threats and Emerging Threats' reputation and best-of-breed solutions make them
an ideal company to be part of HALO's investment portfolio. We look forward to
working with Ken and his team to help them scale revenues and achieve their
About Emerging Threats
Emerging Threats is a world-leading provider of open source and commercial
threat and malware intelligence. Founded in 2003 as a cyber security research
community, Emerging Threats has become the de facto standard in network-based
malware threat detection. The company's ETOpen Ruleset, ETPro™ Ruleset, and
IQRisk™ suite of threat intelligence are platform agnostic for easy
integration with Suricata, SNORT^®, and other network intrusion protection and
detection systems. With ETPro Ruleset, organizations can achieve the highest
standards of malicious threat detection with world-class support and research
for extended vulnerability coverage. ETPro Ruleset is ideal for enterprises,
government agencies, financial institutions, SMBs, higher education, and
service providers. For more information, please visit
About Elevate Ventures
Elevate Ventures is a non-profit, venture development organization focused on
developing emerging and existing high-potential businesses and transforming
them into high-performing, Indiana-based companies. The Elevate team provides
professional advisory services to entrepreneurs and early-stage companies
interested in significant growth, while also connecting them with other
resources throughout the state.
One of the most active investors in the State of Indiana, Elevate Ventures
currently manages Indiana Angel Network Fund, Indiana 21^stCentury Research &
Technology Fund, a fund of funds, and other entrepreneurship initiatives. For
more information about Elevate Ventures, Inc. and its programs,
TechPoint is Indiana's only statewide technology initiative, representing
industry stakeholders including publicly-traded companies, private businesses,
colleges and research universities, and local economic development
organizations. The group's mission is to accelerate Indiana's emerging and
vibrant information technology sector by: promoting the successes of
information technology companies and professionals; supporting the formation,
expansion, and attraction of IT companies; and advocating appropriate public
policy. TechPoint is an initiative of the Central Indiana Corporate
Partnership. Visit www.techpoint.org.
© 2012 Emerging Threats Pro, LLC. All rights reserved. All other names and
marks are property of their respective owners. ETPro™, IQRisk™, and the ET
design are trademarks of Emerging Threats Pro, LLC.
SNORT® is a registered trademark of Sourcefire, Inc.
Global Corporate Contact:
Emerging Threats Pro, LLC
+1 866 504 2523, x-112
SOURCE Emerging Threats
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