December 11, 2018

4iQ Secures $18 Million Series B Funding

Since 4iQ’s inception, we have been known for our powerful tools and proven ability to find stolen identities on the deep and dark web and alert those who are at risk. With our recent announcement that we secured $18 million in Series B funding led by C5 Capital and with participation by ForgePoint Capital, Adara Ventures, and Benhamou Global Ventures (BGV), we are ready to help more clients protect people and combat crime.

We are also excited to announce that André Pienaar, Managing Partner of C5 Capital, and Anik Bose, General Partner of BGV, will join the 4iQ Board of Directors. Pienaar brings a depth of experience in cyber intel and Bose is an active investor with a strategic and practical perspective on company building.

4iQ Series B Funding

“The problem of data breaches and cyber-enabled crimes is getting worse”, said Pienaar. “This investment signals an industry shift from passive to active approaches. 4iQ helps investigators unmask the individuals behind attacks.”

“Cryptocurrencies are here to stay,” said Alberto Yepez, 4iQ Board chair and co-founder and managing director of ForgePoint Capital. “4iQ’s identity attribution analysis capabilities are helping cyber-crime investigation units at major cryptocurrency exchanges and financial institutions unmask monikers, recover funds, prevent millions in fraud losses, and stop future attacks.”

The 4iQ IDLake™ is an archive of more than 14 billion identity records collected from open sources on the deep and dark web. “People reuse passwords and that is not stopping any time soon,” said Bose. “Knowing this, hackers launch new waves of attacks, as data from breaches spreads with every sale, trade and post online. 4iQ helps turn the tide.”

The funding will be used to expand 4iQ’s IDHunt and IDTheft business lines, powered by the 4iQ IDLake™ – cloud-based infrastructure architected for security, privacy, and GDPR compliance.

  • 4iQ IDHunt helps analysts in Fraud Investigation Units, Anti-Money Laundering and Financial Crime Intel Units, and advanced Security Operations Centers leverage the 4iQ IDLake™ and Open Source Intelligence (OSINT) to discover, analyze, and uncover adversaries.
  • 4iQ IDTheft provides real-time alerts of stolen, leaked, or lost credentials and personal information to individuals via 4iQ partners – Identity Theft Protection service providers, Security vendors, and large enterprises.

The 4iQ Board includes Julio Casal, 4iQ founder and CTO and founder of AlienVault (acquired by AT&T); Barmak Meftah, President of CyberSecurity Solutions at AT&T; Mike Rogers, former Chair of the House Intelligence Committee; Alberto Gomez, Managing Partner of Adara Ventures; and Javier Monzón, former President of Indra.

“This new investment and Board members will accelerate our mission to empower investigators with capabilities to discover, uncover, and disrupt adversaries,” concluded Monica Pal, CEO of 4iQ.