ThreatX provides a platform for enterprises using behavior-based solutions to protect their APIs and web applications from threats such as distributed denial of service (DDoS) attacks, bot attacks, API attacks, vulnerability exploits, and zero-day attacks. ThreatX also offers managed web application and API security, providing a team of experts to assist clients with 24/7 threat monitoring.
ThreatX expanded its employee headcount by around 20 in 2022.
Key customers and partnerships
As of August 2022, the company served more than 100 customers. Notable customers include Inmediata, BMC Software, Lenovo, and KingsIsle Entertainment.
Funding and financials
In June 2021, ThreatX raised USD 10 million in a Series B funding round led by .406 Ventures. The company expects to use the funding to accelerate growth and increase year-over-year revenue by 150% in 2021. ThreatX also aims to develop its managed security operation and expand its US and international presence with the funding.
In August 2022, the company raised a USD 30 million extension to its Series B funding round led by Harbert Growth Partners. The funds were utilized to accelerate platform development and scale global sales and marketing initiatives.
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