China and Russia were responsible for almost half of the incident response episodes.
But “this rate of investment is not sustainable,” Strategic Cyber Ventures warns. There are likely many security “zombies” that initially raised big rounds but now growth has slowed.
The new service, called Cb ThreatHunter, is essentially a cloud-delivered version of the company’s on-premises endpoint detection and response device.
The company's CEO said the firm was not looking just yet at a Series B, but that reception to its platform sped up the process.
The security company priced its IPO at the high end of its $17-$19 range.
The security vendor posted $116.2 million in revenue for fiscal 2017, up about 39 percent over 2016.