Flare, a global leader in Threat Exposure Management (TEM), has raised $30 million in Series B funding, led by Base10 Partners, with additional participation from Inovia Capital, White Star Capital, and Fonds de solidarité FTQ. This milestone reflects Flare’s impressive growth trajectory, achieving triple-digit year-over-year expansion in both 2023 and 2024.
The funding will accelerate Flare’s European expansion and strengthen its presence across North America and other global markets. As Flare continues its growth, its innovative solutions have become critical for clients aiming to stay ahead of cyber threats.
Revolutionizing Cybersecurity with Superior Intelligence
Flare’s advanced data collection capabilities and actionable threat intelligence have earned accolades from industry leaders.
Kevin Johnson, CEO of Secure Ideas, shared:
“Flare’s platform provides actionable intelligence on attacker-used credentials and target systems that informs our testing directly. The seamless integration into our business model allows us to deliver more realistic assessments to clients. Flare’s threat intelligence significantly outperforms competing solutions, keeping us ahead of threat actors.”
Flare’s cutting-edge use of language models and data science techniques allows it to extract insights from one of the world’s most comprehensive cybercrime data sets, positioning it as a leader in both the enterprise and mid-market segments.
Industry Leadership Backed by Innovation
Jason Kong, Partner at Base10 Partners, highlighted Flare’s unique value proposition:
“Flare’s innovative approach to threat exposure management raises the bar for cyber intelligence. Their integration of advanced language models and data science delivers actionable insights that empower security teams to navigate an increasingly complex threat landscape. We’re excited to support Flare in solving critical real-world cybersecurity challenges.”
In August 2024, Flare launched Threat Flow, the industry’s first transparent generative AI-powered tool. This module delivers timely, validated reports of dark web threat activity with 98% accuracy, enabling security teams to scale their research and reporting capabilities effectively.
Endorsements from Cybersecurity Experts
Cybersecurity expert and analyst Richard Stiennon, former Gartner VP and current Chief Research Analyst at IT Harvest, praised Flare’s trajectory:
“Flare’s innovative applications of generative AI and enhanced exposure data collection capabilities make it a standout in the threat intelligence landscape. This latest investment positions Flare to push the boundaries of what’s possible in cybersecurity intelligence.”
Flare’s Global Vision
Flare’s consistent growth and dedication to innovation have solidified its reputation as a pioneer in cybersecurity. With this funding, the company aims to:
- Expand its presence across Europe and North America.
- Advance its application of generative AI in cybersecurity.
- Strengthen its position as the leading provider of Threat Exposure Management solutions.
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