Cybersecurity Platform SnapAttack Raises $8M After Spinout From Booz Allen

Through collaborative, ethical hacking, SnapAttack aims to make companies more secure against the rise of cyberattacks.
Charli Renken
News Reporter
November 16, 2021
Charli Renken
News Reporter
November 16, 2021
snapattack cybersecurity funding
Image: Built In

Columbia, Maryland-based cybersecurity company SnapAttack announced it raised $8 million in new funding on Tuesday. The announcement comes one day after the company’s spinout from Booz Allen Hamilton, a consulting firm that helps organizations transform their analytics, digital, engineering and cybersecurity operations.

SnapAttack is a collaborative platform offering cybersecurity solutions. As more businesses find themselves responding to security threats, SnapAttack is focused on proactive threat detection and prevention. With an extensive library of labeled attacks, SnapAttack can emulate threats using real-world data contributed from users. 

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The platform uses real-life attack data from SnapAttack users to help security teams be proactive about closing security gaps. Essentially, SnapAttack’s platform is an ethical hacker’s paradise. 

“SnapAttack is poised to empower a new level of collaboration among the next generation of ethical hackers, threat hunters and security researchers providing advanced insights to stop attackers in their tracks,” Fred Frey, SnapAttach CTO and co-founder, said in a statement. 

The company plans to use the fresh funding to accelerate platform development, expand the platform’s content types and hire new talent in product, engineering and sales. The funding round was led by Volition Capital with participation from Strategic Cyber Ventures and Booz Allen Hamilton. 

SnapAttack isn’t the only cybersecurity company in the D.C. area to secure funding. SCYTHE, another threat emulation platform, raised $10 million in Series A funding last week. SCYTHE will also use its fresh funding to hire new talent. 

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