EclecticIQ

EclecticIQ (EIQ) is a Threat Intelligence Platform (TIP) that provides threat hunting, monitoring, detection, and incident response with technical data such as Indicator of compromise (IOC), Indicator of Attack (IOA), and Tactics, Techniques, and Procedures (TTPs). The company enhances collaboration, and data retention management capabilities for cybersecurity analysts in accordance with their organizational policies.

The company’s products—the EclecticIQ Platform and EclecticIQ Fusion Center—provides endpoint detection and response (EDR), threat intelligence and hunting, an extended detection and response (XDR) solution which was yet to be launched as of July 2021, and merges threat intelligence data from over 50 sources in a human-qualified output feed into security systems. EIQ’s EDR offers service providers and managed security service providers (MSSPs) real-time visibility, detection, and response capabilities through a single query-based agent.

EIQ merged with the endpoint security platform PolyLogyx in May 2020 for an undisclosed amount. EIQ expects to leverage the synergy and PolyLogyx’s experience with EDR platform to bring new intelligence-driven cybersecurity products to the market.

The company achieved revenue growth of 84% YoY during 2019, driven by expansion into industries such as larger financial services organizations, regional expansion into the Middle East and Asia-Pacific regions, and new partnerships with cybersecurity companies such as Kaspersky, Honeypot, and Vigilante ATI. EIQ operates globally with offices across Europe, UK, North America, and India as of July 2021.

In August 2021, the company secured EUR 18 million (USD 21.2 million) in total, through two funding rounds from the European Investment Bank (EIB), and the Dutch Security TechFund. The company expects to use the funds to boost the development of its cybersecurity platform through R&D and expand into new international markets by investing in sales and marketing.