IriusRisk (formerly known as Continuum Security) provides an automated threat modeling platform that enables companies to improve the security of their products by identifying potential threats in software and system design. The platform provides recommendations and countermeasures to mitigate threats based on internal security policies with actionable advice. It helps organizations to prioritize risk based on their security, governance, and compliance requirements and allows teams to independently conduct threat monitoring while providing developers with automated feedback.
The platform automatically creates threat models, which include data flow diagrams, a list of threats, and recommendations to mitigate security risks throughout the software development lifecycle (SDLC). Users can view real-time threat scores on the application’s threat model and generate reports.
The platform is available as both SaaS and on-premise. It includes an Enterprise edition with several features for unlimited users and also a free lifetime subscription under its Community edition. The company licenses its software, based on the number of threat models created and actively managed by users.
The company operates in Spain, US, and the UK.
Key customers and partnerships
As of October 2022, IriusRisk served six of the 30 global banks and nine Fortune 100 companies. In 2021, the company’s active users grew 120% to over 5,400.
IriusRisk serves customers in the financial services, OT, medical devices, technology, and public sectors. Notable customers include Red Hat, IBM Security, Forcepoint, Axway, Boston Specific, and Coupa.
Funding and financials
In October 2022, the company raised USD 28.7 million in Series B funding led by Paladin Capital Group. The company expected to utilize the funds toward its marketing team and fuel its growth across the US, Europe, the Middle East, and Africa.
The company reported that its annual recurring revenue (ARR) had an average growth rate of 106% YoY over 2020–2021, with a growth rate of 120% YoY in 2022. In addition, it claims to have more than quadrupled its partner base through 2021.
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