Strider Technologies has secured $45 million in a round of Series B funding led by Valor Equity Partners and is planning to modernize its existing data and software offerings, develop new capabilities and increase workforce and market presence through the new capital.
The Salt Lake City-based strategic intelligence provider said Wednesday the financing round was participated by DataTribe, Koch Disruptive Technologies and One9 Ventures, which previously invested in Strider.
Constantine Saab, managing director and chief technology officer at Valor Equity Partners, will sit on the board of directors of Strider following the deal.
He said the company’s offerings help organizations through data intelligence needed to bridge critical security gaps. “We are proud to support such an important mission and look forward to Strider’s continued growth,” added Saab.
Strider provides data and software to assist companies, businesses and organizations in flagging, managing and defending intellectual property and supply chain against nation-state actors’ attacks. The company was founded in 2019 and has, since then, received $57 million in venture capital funding.