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Cybersecurity firm led by former Sourcefire execs raises $12 million

ThreatQuotient, a cyber security firm led by former executives of Columbia-based Sourcefire, raised $12 million to boost product development and expand international sales.

The Reston, Va., company's threat intelligence platform, ThreatQ, is designed to provide customized security threat data, to help companies respond more quickly to attacks.

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"This increased investment… will allow us to stay at the forefront of innovative threat intelligence solutions," said ThreatQuotient President and CEO John Czupak in a statement.

Czupak is a former senior vice president of Sourcefire, the network security company that was acquired by Cisco Systems for $2.7 billion in 2013. Other Sourcefire veterans now at ThreatQuotient include chief marketing officer Marc Solomon, senior vice president of worldwide sales Marty Weber and senior vice president of engineering Tom Ashoff.

The Series B round of financing was led by New Enterprise Associates, with existing investors Blu Venture Investors and the Center for Innovative Technology.

In addition to the new equity financing, ThreatQuotient has secured $3 million in growth capital from Silicon Valley Bank.

ThreatQuotient was founded in 2013 by Wayne Chiang, the company's chief architect, and Ryan Trost, its chief technology officer.

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