Microsoft Corp. has agreed to acquire digital threat management firm RiskIQ Inc. for $500 million.The deal is expected to be announced as soon as the next few days. Microsoft is said to be buying the company to expand its products and better protect customers at a time of rising Cyberattacks.
Founded in 2019, RiskIQ provides visibility and intelligence services to organizations that need to secure their Enterprise Digital Footprint and map their infrastructure. The company’s EDP is a security auditing engine that automatically maps out an organization’s externally accessible infrastructure.
The mapping includes everything from website content to nameservers, IP addresses and even assets outside the firewall. EDP scans and then provides a view of what it has found regarding the available attack surface as perceived by potential hackers.
The service is powered by proprietary virtual-user technology, a threat analysis engine and a global proxy network. RiskIQ’s global internet intelligence graph has mapped billions of relationships between the internet components belonging to every organization, business and threat actor on earth to provide a current and historical view of the attack surface.
Notable RiskIQ customers include Facebook Inc., BMW AG, American Express Co., Box Inc., BNP Paribas and the U.S. Postal Service.
RiskIQ had raised $83 million in venture capital funding, according to Crunchbase. Investors include Battery Ventures, Georgian, Summitt Partners, MassMutual Ventures, National Grid Partners and Akkadian Ventures.