DomainTools sells a bevy of merchandise together with a site and DNS menace intelligence platform; a site threat evaluation instrument; a phishing area discovery instrument; and an API service. The corporate says it has the preferred Whois analysis service. It has greater than 500 clients together with practically half of the Fortune 500 and eight of the highest 10 banks.
Cybersecurity threats are on the rise amid the pandemic and folks shifting to distant work. SEC Chairman Jay Clayton instructed CNBC final month that cybersecurity dangers for each corporations and shoppers are extra urgent than ever.
The menace intelligence market is expected to grow from $5.5 billion final 12 months to $20.2 billion in 2027.
DomainTools is led by Tim Chen, a longtime tech exec who joined in 2009. It employs greater than 100 folks.
“The corporate has been fairly profitable utilizing a bootstrapped mannequin however we see a possibility now to associate with a monetary and operational associate with confirmed expertise scaling corporations to the following degree,” Chen stated.
DomainTools initially launched in 2000 as Identify Intelligence. The founders offered the corporate in 2009 to a bunch of now-former shareholders. It pivoted in 2013 from a retail to an enterprise enterprise mannequin, specializing in community safety.
DomainTools didn’t increase exterior capital till the Battery Ventures deal. It received the Bootstrapper of the Yr award on the GeekWire Awards in 2017.
Jordan Welu and Dave Tabors of Battery Ventures will be part of DomainTools’ board on account of the deal. Battery Ventures, which has each a enterprise and personal fairness arm, raised $2 billion for 2 new funds earlier this 12 months. The agency’s portfolio contains corporations equivalent to Sumo Logic, BlueJeans, Groupon, Niantic, and others. It backed Seattle-area corporations together with Chef and Avalara.