Tech Company Financing Transactions
Spec Funding Round
Spec, operating out of San Jose, secured $15 million in investment from SignalFire, Legion Ventures and Rally Ventures.
Transaction Overview
Company Name
Announced On
10/18/2023
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to:Advance the platform to deliver increased visibility and control over attack detection and exploit remediation.Expand its threat labs, the R&D unit that deconstructs the tools and tactics used by modern attackers and develop countermeasures that neutralize their impact.Co-develop specialized products with partners that resolve the fraud problems that customers cannot fix with single point solutions
Company Information
Company Status
Private & Independent
Industry
Security
Mailing Address
160 West Santa Clara Street 1050
San Jose, CA 95113
USA
San Jose, CA 95113
USA
Phone
Undisclosed
Website
Email Address
Overview
Our founders have spent the last decade building fraud and abuse solutions for the largest brands in the world. Throughout their experience, they saw innovation held back by siloed teams, data, and tools. Year-after-year, they saw solutions providers chase trendy detection technologies and risk signal fads, but ignore this underlying problem. Because of this, they saw a need to build a different kind of product and a different kind of company. Spec is that company. Our mission is to empower businesses to outpace bad actors and reward every good customer journey with instant trust. Spec sees a world where teams are empowered to deliver amazing customer experiences using unified data and tools.
Management Team
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Our team works diligently to record every notable VC transaction. VC transactions on this site come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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