# Spyderbat

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

- Industry: Software
- Headquarters: Austin, US
- Website: www.spyderbat.com
- Total disclosed funding: $14M
- Latest round: Series A (Oct 24, 2022)
- Investors on record: 3

## About

Spyderbat, Inc. is a cybersecurity firm specializing in cloud security solutions, focusing on detection and response through advanced technology to mitigate threats in cloud environments.Founded in 2019 and headquartered in Austin, US, Spyderbat, Inc. offers innovative cybersecurity solutions. Marc Willebeek-Lemair serves as both the founder and CEO. The company raised USD 10.00 mn in a Series A funding round on October 24, 2022, led by NTT Venture Capital and involving Benhamou Global Ventures and LiveOak Venture Partners. The total amount raised by the company stands at USD 10.00 mn with a current valuation of USD 31.83 mn.Spyderbat specializes in cloud security solutions, primarily through its innovative Cloud Detection and Response (CDR) platform, which leverages eBPF technology for enhanced threat detection and mitigation. The platform functions by continuously visualizing application behavior across hybrid cloud, multi-cloud, Kubernetes, and Linux environments, enabling organizations to detect and automatically block real-time threats while significantly reducing alert noise. This capability addresses critical pain points in cloud security, such as alert fatigue and manual investigation burdens, by providing actionable insights and instant root cause analysis. Spyderbat’s client base includes organizations seeking robust protection from cyber threats, particularly in sectors that utilize Kubernetes and cloud-native architectures. The company’s products are marketed and sold globally, with a focus on North America and Europe, catering to enterprises that require advanced security measures to safeguard their cloud infrastructures.Spyderbat generates revenue primarily through subscription-based models for its CDR platform, offering flexible pricing packages tailored to the varying needs of its clients. Business transactions typically involve enterprise-level clients purchasing annual subscriptions that allow for comprehensive protection against cloud threats, coupled with support and maintenance services. The firm may also engage in partnerships with Managed Detection and Response (MDR) and Managed Security Service Providers (MSSPs) to expand its market reach and enhance service offerings. While specific pricing details for individual services are not disclosed, the structure allows for scalability according to the size and specific requirements of the client organization, ensuring that they can effectively manage security risks associated with cloud environments.In October 2022, Spyderbat, Inc. raised USD 10.00 mn in Series A funding, which will be utilized to support product development and go-to-market activities. The company plans to further enhance its CDR platform with upcoming new features aimed at improving user experience and threat detection capabilities. Furthermore, Spyderbat intends to expand its operations into new geographic markets, targeting regions in Europe and Asia by the end of 2023, to reach a broader client base and address increasing demand for advanced cloud security solutions.

## Funding rounds

- Series A, Oct 24, 2022, $10M — BGV, LiveOak Venture, NTT Venture Capital
- Seed, Jul 29, 2020, $4.2M — BGV, LiveOak Venture

## Investors

- BGV (https://capitalatlas.ai/funds/bgv) — Seed, Series A
- LiveOak Venture (https://capitalatlas.ai/funds/liveoak-venture) — Seed, Series A
- NTT Venture Capital (https://capitalatlas.ai/funds/ntt-venture-capital) — Series A