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Friday, October 20, 2023

Spec Secures $15M Sequence A Funding, Accelerating Innovation in Fraud Protection


SAN JOSE, Calif., Oct. 18, 2023 /PRNewswire/ — Spec, a number one cybersecurity agency specializing in superior frauddetection and protection, is thrilled to announce the profitable closure of its $15M Sequence A funding spherical, marking a big milestone within the firm’s journey. This funding spherical was led by SignalFire, with participation from Legion Capital, and Rally Ventures.

From its beginnings as a “hiya world” prototype throughout the early days of the pandemic, the Spec platform has superior to invisibly shield enterprises processing billions in on-line transactions. At the moment, Spec’s platform scans the whole buyer journey, permitting for the identification of all threats and assaults, after which deploys lively countermeasures, particularly towards the AI-powered assault instruments that threaten to disrupt on-line companies.

This funding spherical will energy Spec’s continued progress and innovation. With this new funding, the corporate is poised to:

  • Advance the Spec platform to ship elevated visibility and management over assault detection and exploit remediation
  • Broaden its risk labs, the R&D powerhouse that deconstructs the instruments and techniques utilized by fashionable attackers and develop countermeasures that neutralize their influence
  • Co-develop specialised merchandise with companions that resolve the fraud issues that prospects can not repair with single level options

“I am enthusiastic about our continued partnership with SignalFire, who led this funding spherical,” stated Spec co-founder and CEO Nate Kharrl. “The agency’s deep experience in cybersecurity and AI at enterprise scale is an ideal match for our mission. We’re equally grateful for the continued assist from Legion Capital and Rally Ventures, whose insights and expertise are invaluable.”

Kharrl additional expressed gratitude to everybody who has been a part of Spec’s exceptional journey, emphasizing that belief and assist types the very basis of the corporate’s success. “I am happy with what this staff has achieved. I am additionally grateful for the assist of the enterprise prospects that helped us develop our platform into what it’s immediately, bolstered by the unimaginable assist and steerage of our board and buyers,” he stated. “We’re excited to forge forward on our mission to guard buyer journeys towards a panorama of evolving threats.”

About Spec: Spec is a number one cybersecurity agency specializing in superior fraud detection and protection, offering enterprises with unparalleled fraud safety options. With a dedication to innovation, Spec is devoted to defending companies towards rising threats and safety challenges.

For extra data, go to www.specprotected.com.


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