Israeli cyber threat intelligence company Sixgill, which monitors the deep and dark web, has raised $15 million in a second funding round, the company announced earlier this week.

The round was led by Portugal-based growth stage investor Sonae IM, the
technology investment arm of Sonae Group and global venture capital partnership REV Venture Partners, with participation from Israeli crowdfunding platform OurCrowd and previous investors Elron and Terra Venture Partners

According to Crunchbase, the company’s total funding stands at $21 million to date.

The company said the infusion of capital will be used to significantly scale global operations and strengthen core products in support of its growing portfolio.

“The dark web represents an increasing challenge for large enterprises across all industries; this is especially true for financial services, manufacturers, critical infrastructure providers, and governments,” said Kevin Brown, founder partner of REV Venture Partners. “We are delighted to invest in Sixgill as they continue to assist organizations in proactively reducing risk vulnerabilities.”

The funding will also be used to increase Sixgill’s presence in North America, EMEA (Europe, Middle East, and Africa) and APAC (Asia-Pacific) regions. Sixgill also plans to expand its product’s capabilities, including its Dynamic CVE Rating.

“Sixgill’s industry leading solution uncovers and delivers valuable intelligence that organizations otherwise don’t have the tools or resources to uncover,” said Carlos Alberto Silva, executive director for Sonae IM. “Their insights enable CISOs and their teams to effectively tackle cybersecurity challenges like never before, and we’re proud to take part in the company’s expansion at this early stage.”

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