Dangerous intelligence company Recorded Future is launching a $20 million fund for early-stage startups developing novel data intelligence tools.
The Intelligence Fund will provide seed and Series A funding to startups that already have venture capital funding, Recorded Future says, as well as to help them accelerate the development and integration of intelligence applications to accelerate their go-to-markets. to equip the resources. strategy.
Recorded Future, which provides information to help customers better understand the external cyber threats they are facing, will invest in startups that aim to tackle the critical problems for which datasets and collection platforms can be used. By requiring novel approaches, which the company says could be anything from technical Internet sensors to satellites. It is also keen to invest in startups building intelligence analysis toolsets that use technologies such as artificial intelligence and machine learning, as well as intelligence-driven applications that can be integrated into its intelligence platform and ecosystem.
Christopher Ahlberg, co-founder and chief executive of Recorded Future, said: “In a world of aggressive uncertainty, intelligence is the only equalizer. With the launch of the Intelligence Fund, we are investing in the next generation of entrepreneurs who are transforming the world into intelligence. Let’s share our vision of securing together.”
So far, Intelligence Fund has invested in two companies, the first being SecurityTrails, which provides clients with a comprehensive overview of current and historical domain and IP address data. The second investment went to Gemini Advisory, a fraud intelligence platform specializing in finding compromised data on the dark web, which Recorded Future acquired earlier this year for $52 million to build its own threat intelligence capabilities. achieved to increase.
Recorded Future told ClearTips that investments in the future could also be done to acquire, but added that funding could also be given purely on the basis that the startup would turn out to be a good business or technology partner. Recorded Futures was bought back in 2019 by private equity firm Insight Partners for $780 million. The acquisition effectively bought out the company’s earlier investors, including GV, the enterprise arm of Google, and In-Q-Tel, the non-profit venture arm of the US intelligence community.
Commenting on the fund’s launch, Michael Triplett, Managing Partner, Insight Partners, said: “Cyber attacks are affecting global enterprises across the globe, and we are excited to see recorded future investments in intelligence startups tackling business-critical issues. Organizations facing today
“The Intelligence Fund will provide entrepreneurs with the resources they need to build applications with data and math.”