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Investment will support Strider’s rapid revenue growth and accelerate development of its AI-driven strategic intelligence platform; will also enable the company to fuel international expansion and broaden its reach in the public sector
Strider Technologies, Inc. the leading provider of strategic intelligence, announced today that it has closed $55 million in Series C funding. With this funding, Strider will continue advancing its AI-driven capabilities into its integrated global intelligence platform, expand operations to new geographies in Europe and Asia, and more aggressively address the public sector market.
The round is led by Pelion Venture Partners and marks the largest single investment in the firm’s history. Blake Modersitzki, Partner at Pelion, will join Strider’s Board of Directors. The round includes participation from AXA Venture Partners (AVP), and existing investors Valor Equity Partners, DataTribe and Cyfr Capital.
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“Strider has created a new market category with its groundbreaking global intelligence platform, which empowers organizations to proactively address nation-state threats,” said Blake Modersitzki, Partner at Pelion Venture Partners. “They are solving a massive problem in a massive market, and we are excited to be in business with such visionary founders, building a world-changing company and also doing immense good along the way.”
“At Strider, our mission is to protect the ideals and innovations of the free world,” said Greg Levesque, CEO & Co-founder of Strider. “Organizations across industry, government, and academia are on the frontlines of this new global geopolitical battlefield, under constant attack from nation-state adversaries. This investment led by Pelion will accelerate Strider’s ability to scale our platform and arm more organizations around the world with the strategic intelligence they need to compete.”
The world is in a new era of global intelligence. The traditional nation-state vs nation-state approach is gone as superpowers battle for geopolitical, economic, technological, and data dominance. China, Russia, Iran, and other adversaries are embracing a whole-of-society approach that puts private companies and leading academic institutions on the frontlines of this new conflict.
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Fortune 500 companies, government agencies, and the world’s most prominent research institutions are subject to persistent intelligence, talent recruitment, and supply chain operations from nation-state actors.
Strider’s integrated global intelligence platform leverages AI, open source data, and proprietary methodologies. It enables organizations to proactively secure critical assets and inform decision-making so that they can better compete in the global economy.
“Strider is advancing the state-of-the-art in global intelligence, enabling organizations working with advanced technologies to go on offense to secure their innovation,” said Alex Scherbakovsky, General Partner at AVP. “Industry, government, and research institutions have been searching for ways to proactively mitigate state-sponsored threats to technology, talent, and supply networks. We are excited to support Strider’s efforts to develop new capabilities and meet the global demand for its intelligence platform. As a transatlantic investment firm, we are excited to support Strider’s international expansion and help Strider achieve its mission of enabling organizations and governments to secure their innovation.”
Since launching in May 2019, Strider has secured $110 million in venture capital funding, grown to nearly 200 employees, and secured multiple patents, while establishing its position as a first mover and category creator.
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