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Tidal Cyber Secures Investments from USAA and Capital One Ventures to Support Growth

Posted on October 29, 2024December 2, 2024 By Martin Hinton

Tidal Cyber, a Washington, D.C.-based company specializing in Threat-Informed Defense, announced that it has received investments from USAA and Capital One Ventures. USAA provides insurance, banking, investment, and retirement solutions for U.S. military members, veterans, and their families. Capital One Ventures invests in data, technology, and financial services startups.

The investments aim to support enhancements to Tidal Cyber’s Enterprise Edition platform and promote the adoption of Threat-Informed Defense strategies. Over the past year, the company reports exceeding tenfold financial and customer growth.

“We see these investments from established strategic investors like USAA and Capital One Ventures as a validation of Tidal Cyber’s Threat-Informed Defense approach and the value that we are bringing to some of today’s top companies,” said Rick Gordon, CEO of Tidal Cyber. “These investments will enable Tidal Cyber to continue our rapid growth trajectory and lead the adoption of Threat-Informed Defense globally within all critical infrastructure segments.”

“Threat-Informed Defense”

The company plans to use the investment to accelerate go-to-market activities and product development, including expanding sales and marketing efforts and enhancing its Community Edition platform, which supports over 3,000 security professionals globally.

“We have witnessed Tidal Cyber drive the adoption of Threat-Informed Defense since the very early days of the company and have been impressed by the company’s rapid growth. With that upfront perspective, it was a natural decision to invest,” said Nathan McKinley, vice president and head of Corporate Development at USAA.

Earlier this month, Tidal Cyber integrated test results from Breach and Attack Simulation (BAS) tools and other sources into its Enterprise Edition platform. This integration provides users with better insights into their defenses through targeted tests, helping to align threat intelligence and defensive measures with their specific environments.

See also  Global Cyber Insurance Market to Grow to $68.17 Billion by 2030

Tidal Cyber’s Enterprise Edition is a Software as a Service (SaaS) platform designed to help security leaders and practitioners optimize their defenses against relevant threats. The platform offers a Tidal Confidence Score for attacker behaviors identified in MITRE ATT&CK®, third-party cyber threat intelligence tools, and internal threat research. With the addition of BAS capabilities, the platform can compare test results with existing defenses, providing insights that may not be available with other products.

By securing investments from USAA and Capital One Ventures, Tidal Cyber aims to enhance its offerings and expand its role in the cybersecurity industry.

Source: Tidal Cyber Attracts Investments from USAA and Capital One Ventures to Fuel Continued Rapid Growth.

Other News: $50m in Growth Capital for CyberCube is Vote by PE for Risk Analytics as Key Driver in Cyber Insurance Industry(Opens in a new browser tab).

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Martin Hinton

Martin Hinton is the Executive Editor and Publisher of Cyber Insurance News and Information. With over three decades of journalism experience across six continents, his work encompasses investigative reporting, documentaries, and coverage of cultural, political, and business news. To learn more about his career, click on his name to visit his LinkedIn page.

Cyber Insurance, Cybersecurity Investment Tags:Capital One, Cuber insurance, Cybersecurity, Threat-Informed Defense, Tidal Cyber, Tidal Cyber Investment, USAA

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In this clip from our latest podcast, Dan Candee, CEO of Cork Protection, discusses a critical component of SMB cyber resilience—the evolving role of cybersecurity insurance. Dan highlights the need for nimbleness in cyber coverage, especially for small businesses that often bear the brunt of devastating attacks.

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In this clip from our latest podcast episode, Dan Candee, CEO of Cork Protection, dives into a critical topic that hits close to home: Cybersecurity for Main Street businesses.

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Cybersecurity for Main Street: Dan Candee on Protecting Small Businesses | CEO of Cork Protection
SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

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#CyberSecurity #CyberInsurance #SMB #AI #CyberPodcast #BusinessResilience #smallbusiness #sme
00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
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19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
SMBs Are Cyber Targets | Dan Candee on Cyber Resilience & AI | Cyber Insurance News Podcast EP#6
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