# Threat X

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/threat-x

- Industry: Software
- Headquarters: Boston, US
- Website: www.threatx.com
- Total disclosed funding: $48M
- Latest round: Series B (Aug 17, 2022)
- Investors on record: 9

## About

Threat X, Inc., based in the US, specializes in advanced web application and API protection, providing comprehensive cybersecurity solutions for various industries to safeguard digital assets against evolving threats.Founded in 2014 in Boston, US, Threat X, Inc. focuses on delivering software solutions designed to protect web applications and APIs. The company was acquired by A10 Networks, Inc. in February 2025 for an undisclosed amount, enhancing A10's cybersecurity offerings. Bret Settle serves as the CEO of the company. Threat X has successfully completed a total of 5 deals, with its most recent funding round being a Series B that raised USD 30.00 mn, bringing the total amount raised to USD 30.00 mn and the current valuation to USD 107.208 mn. The lead investor in the latest round was Harbert Management Corporation, alongside others including 406 Ventures, Access Ventures, Grotech Ventures, and Vistara Growth.Threat X specializes in offering advanced API and web application protection solutions tailored for sectors such as financial services, retail, and healthcare. Their core products focus on real-time monitoring of API and web application traffic, utilizing behavioral threat detection and automated threat protection to identify and mitigate potential malicious activity effectively. In addition to these offerings, Threat X provides services like bot management, DDoS protection, and credential stuffing prevention, ensuring clients maintain robust security in multi-cloud environments across global markets.Threat X operates on a subscription-based revenue model, allowing clients to access their security solutions through a recurring fee structure. This model accommodates various transaction types, including direct business-to-business engagements. Clients can access flagship products like ThreatX Protect, which delivers cloud-based web application and API protection. Pricing plans are structured based on the level of protection and features required, enabling tailored packages that foster long-term partnerships and ensure ongoing support for security infrastructures.Looking ahead, Threat X aims to expand its product offerings and market reach. Following its acquisition by A10 Networks, the company plans to enhance its web application and API protection solutions to better address the evolving cybersecurity landscape. The recent funding from the Series B round will be utilized to support these initiatives, with a focus on developing new products and entering new markets. Specific regions targeted for expansion and potential new product launches are in the pipeline, aligning with the strategic objectives of A10 Networks for the coming years.

## Funding rounds

- Series B, Aug 17, 2022, $30M — Grotech Ventures, Harbert Management, .406 Ventures, Vistara Growth, Access Ventures
- Series B, Jun 1, 2021, $10M — Grotech Ventures, .406 Ventures, Access Venture Partners
- Series A, Dec 5, 2017, $8.2M — Grotech Ventures, Crawley Ventures, Service Provider Capital, Access Ventures, Stout Street Capital

## Investors

- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Series A, Series B
- Crawley Ventures (https://capitalatlas.ai/funds/crawley-ventures) — Series A
- Service Provider Capital (https://capitalatlas.ai/funds/service-provider-capital) — Series A
- Access Ventures — Series A, Series B
- Stout Street Capital (https://capitalatlas.ai/funds/stout-street-capital) — Series A
- .406 Ventures (https://capitalatlas.ai/funds/406-ventures) — Series B
- Access Venture Partners (https://capitalatlas.ai/funds/access-venture-partners) — Series B
- Harbert Management (https://capitalatlas.ai/funds/harbert-management) — Series B
- Vistara Growth — Series B