RiskSense raises $12 million to prioritize security risks — like safeguarding midterm elections

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RiskSense has raised $12 million in a second round of financing to help customers prioritize cybersecurity risks. It’s also helping several U.S. states reduce cyberthreats related to the upcoming midterm elections.

Spring Mountain Capital and NightDragon Security led the round, with participation from UL Ventures, Paladin Capital Group, Sun Mountain Capital, EPIC Ventures, and Jump Capital. RiskSense will use the money to accelerate growth through sales, marketing, and research and development investments. It is also one of many security companies exhibiting at the Black Hat corporate security conference in Las Vegas this week.

The RiskSense management and technical team has collaborated with the U.S. Department of Defense and U.S. Intelligence Community on applying artificial intelligence to cybersecurity problems as part of the CACTUS (Computational Analysis of Cyber Terrorism against the U.S.) project.

“This new investment will allow us to take advantage of the enormous market opportunity for helping customers prioritize their risks. The funding will provide the resources we need to accelerate our business momentum and strengthen our technology advantage,” said…

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