In today’s technological landscape, consumers use digital technology for practically everything. Having your phone or computer save passwords and credit card information is convenient, but it’s also dangerous. For that reason, cybersecurity efforts exist and have evolved over time to address digital vulnerabilities, cybercrime, fraud and more. Inspectiv, a Los Angeles-based cybersecurity startup, is on a mission to advance digital security with its preventive technology.
On Thursday, Inspectiv, formerly known as CESPPA, announced it raised $8.6 million in a Series A funding round led by StepStone Group with participation from Fika Ventures, Freestyle and Mucker Capital. This brings Inspectiv’s total funding raised to date to more than $16 million.
While there are a plethora of cybersecurity startups, Inspectiv differentiates itself by being able to detect security risks and potential data leaks companies may have. By finding these vulnerabilities, Inspectiv can flag them prior to the risk growing into a full-blown issue.
“We are providing comprehensive vulnerability detection through a combination of automation and an incredible community of the best security researchers in the world,” Ryan Disraeli, CEO of Inspectiv, told Built In via email. “This allows companies of any size to benefit from the strengths of the community and find incredibly impactful vulnerabilities in their environment before they’re exploited by bad actors.”
With its new capital, Inspectiv plans to fuel its product development. This, according to the company, will allow it to focus on scaling its technology’s ability to locate cyber vulnerabilities for its customers. Additional funding will go toward scaling its product, engineering, marketing and sales teams.
