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RiskIQ, an enterprise security company, just closed $25 million in Series B funding. The company provides security monitoring services so clients can uncover and deal with malware, malvertisements and malicious mobile apps that could plague their customers and hurt their brands.
The company uses a global proxy network to constantly scan tens of millions of websites daily in order to notify its clients of shady activities that come up in its radar. The company claims eight of the ten biggest US financial-services organizations use RiskIQ to keep track of their web and mobile properties.
In a statement, RiskIQ said it plans to use the cash to target the insurance, e-commerce, media and consumer-packaged goods markets.
Battery Ventures led the financing round with help from previous investor Summit Partners, which contributed $10 million in Series A funding in July 2013.
The San Francisco-based company isn’t the only security company to have locked in funding in this month. In May alone, encrypted communications firm Silent Circle landed $30 million, hybrid-security company OpenDNS scored $35 million, and security startup Shadow Networks brought in over $10 million.