Strider secures $45 million for data intelligence that helps companies defend against industrial espionage threats

Strider, a platform that helps corporations, governments and research institutions protect intellectual property (IP), talent and supply chains from nation-state threats, has raised $45 million in a Series B funding round.

Based in Salt Lake City, Strider was founded in 2019 and offers two core products. Strider Risk Intelligence uses disparate datasets that include industry policy documents, international patent data and other publicly available sources to help companies identify which of their core technologies may be most at risk from nation-state actors.

It culminates in “risk signals” that combine thousands of primary data sources with a “proprietary risk methodology” to identify high-risk activities and provide organizations with data to act on.

Additionally, as companies across the industry spectrum compete for tech talent, the Strider platform can also highlight “competitor ties” and show the flow of talent within a given industry — including competitors to which a company’s employees are migrating who may be impacted by insider threats in relation to trade secret leakage.

This is particularly important for agency workers who may be unwittingly recruited by companies with ties to “enemy” countries.

The company’s second product, Strider Shield, draws on Strider’s risk signal data to help organizations “take a proactive approach” to mitigating the risks associated with IP theft, compliance and talent loss. Strider Shield uses data such as email addresses, domain names, keywords and more to give organizations insights to speed investigations and help security and legal teams take faster action.

Strider had previously raised approximately $12 million, and with its latest cash injection of $45 million, the company is well-funded to double its recent growth, which has resulted in a multitude of cross-industry Fortune 500 companies has reached around the world pharmaceutical, aerospace, semiconductor, energy sector.

Strider’s Series A round was led by Valor Equity Partners, with participation from Koch Disruptive Technologies, One9 Ventures and DataTribe.