# Icebrg

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/icebrg

- Industry: IT Security/Cybersecurity
- Headquarters: Seattle, US
- Website: www.icebrg.io
- Total disclosed funding: $12M
- Latest round: Series A (Mar 14, 2016)
- Investors on record: 3

## About

Icebrg Inc. is a cybersecurity firm specializing in advanced network visibility and threat detection solutions that enhance security for various sectors, including finance and healthcare.Founded in 2014 and headquartered in Seattle, US, Icebrg Inc. offers comprehensive cybersecurity solutions focused on real-time monitoring. The company has undergone a recent strategic pivot, culminating in a CORPORATE CARVE OUT, TRADE SALE in December 2022. Its total funding raised amounts to USD 31.00 mn, with Fortinet, Inc. being a notable investor. The founder, Vinicius Silverio, has a history of founding companies in the cybersecurity space, contributing to Icebrg's innovative approach.Icebrg specializes in providing advanced network visibility and threat detection solutions aimed at enhancing cybersecurity across various sectors. Their core offerings include a comprehensive platform that leverages deep packet inspection and behavioral analysis to identify and mitigate risks associated with network traffic anomalies. By focusing on real-time monitoring, Icebrg enables organizations to proactively manage security threats, thereby addressing critical use cases such as data breaches and insider threats. The company serves a diverse client base that includes enterprises in finance, healthcare, and government sectors, ensuring that its solutions meet the robust demands for security within these industries. Icebrg's products are available in key geographical markets, including North America, Europe, and Asia-Pacific, allowing them to cater to a global clientele.Icebrg's revenue model is primarily based on a subscription structure, where clients engage in annual contracts to access the company's suite of cybersecurity solutions. Transactions typically involve direct partnerships with organizations looking to enhance their security posture, ensuring ongoing support and updates as part of the service agreement. The pricing structure may vary depending on the scale and specific needs of the client; however, flagship products are designed to accommodate both small and large enterprises. By leveraging a combination of direct-to-consumer sales and B2B partnerships, Icebrg effectively positions itself in the cybersecurity market, ensuring a steady flow of revenue from its dedicated client base. The emphasis on long-term relationships with clients underpins the company's approach to maintaining a sustainable revenue stream.Icebrg's future growth strategy includes the development of new products designed to enhance the capabilities of their existing cybersecurity solutions, with targeted release dates set for the coming fiscal year. The company aims to expand into new geographical markets, specifically focusing on regions in Europe and Asia-Pacific, with plans to establish a presence in these areas by the end of 2023. The recent funding round of USD 31.00 mn will be utilized to support these initiatives, including scaling operations and enhancing product offerings to meet the evolving demands of the cybersecurity landscape.

## Funding rounds

- Series A, Mar 14, 2016, $9.5M — Pelion Venture Partners, Madrona Venture Group
- Seed, Nov 19, 2014, $2.8M — Madrona Venture Group, Formation8

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Seed, Series A
- Formation8 (https://capitalatlas.ai/funds/formation8) — Seed
- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Series A