The cybersecurity industry has no shortage of technology to fight against network intruders, app corrupters, email hackers and other cyber criminals. Today a startup called Redacted is coming out of stealth with a different approach to tackling that malicious activity: It applies threat intelligence, and then proactively goes after the hackers to recover data loss and disrupt their activities. And along with its public launch, Redacted is announcing $35 million in funding to expand its business.
The Series B is being led by Ten Eleven Ventures, with participation from Valor Equity Partners and SVB Capital. (Ten Eleven is a VC specializing in cybersecurity that has backed a number of other startups.) It brings the total raised by Redacted — which it specifically styles “[redacted]”…with brackets — to $60 million, including a previous funding of $25 million.
It’s always interesting when a startup comes out of nowhere with a substantial round of VC backing, but it’s almost always because that startup has some interesting pedigree — and that is the case here. The…
