The ongoing threat of hackers is a menace to companies, but is a boon for cybersecurity companies. A case in point is Recorded Future, a threat intelligence service based in Boston, which just raised $25 million in a Series E fundraising round from Insight Venture Partners to expand its operations.
The firm has a niche in monitoring the so-called “dark web,” where crooks meet to plot cyber attacks and to sell the information they rip off from consumers and companies.
According to CEO Christopher Ahlberg, Recorded Future now has clients in 22 different industry verticals. Whereas it once served only government and the financial sector customers, everyone from smaller retailers to the airline industry is now signing up for dark web intelligence.
One way Recorded Future discovers threats is by hiring moles who hang out in criminal chatrooms, including those popular with Russian and Chinese hackers, and learning