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When Will RiskIQ IPO?

RiskIQ is a cloud-based cybersecurity SaaS company out of California that detects fraud, malware, phishing, and all manner of cybersecurity threats. Founded in 2009 by Elias (Lou) Manousos (CEO), Chris Kiernan and David Pon, the company is considered a leader in the digital threat management and boasts annual revenue of $30.7M. RiskIQ is a member of the Cloud Security Alliance, a nonprofit with the mission of promoting best practices to help secure the cloud computing environment and educating stakeholders.

Some of the world’s leading security vendors and internet companies, as well as major national financial institutions, are powered by RiskIQ’s cybersecurity technology to protect their digital attack surfaces. Late last year, RiskIQ announced that its Passive Total product could integrate directly with Microsoft Defender for Endpoint and Azure Sentinel, allowing them to be a part of the Microsoft Intelligent Security Association.

The number of phishing attacks increased significantly during the COVID-19 pandemic, as everything moved online, and RiskIQ’s cybersecurity offerings are needed now more than ever. So, when will they IPO? Given their track record and up-to-date threat analyses, the company would enter the public market with a strong hand. There’s a current trend of going public via SPAC, but RiskIQ did not respond for comment when Grit Daily reached out about their potential plans to go public.

In the fourth quarter of 2019, RiskIQ was named a “strong performer” in The Forrester Wave™: Vulnerability Risk Management, Q4 2019 evaluation, which tested on fourteen criteria for security and risk professionals. The company received the highest possible score in the categories of Digital Footprinting, Execution Roadmap, and Partner Ecosystem.

Last month, RiskIQ published their 2020 Mobile App Threat Landscape report. On the report, Benzinga reported, “With a proactive, store-first scanning mentality, RiskIQ observes and categorizes the threat landscape as a user would see it, monitoring both the well-known stores like the Apple App Store and Google Play and more than 120 secondary stores around the world.”

Funders include Summit Partners, Battery Ventures, Georgian Partners, MassMutual Ventures, and National Grid Partners. Their competitors include other hard-hitters in the industry, including Confiant, Inc. and F-Secure Corporation. The company’s website offers a plethora of resources, including infographics, white papers and data reports and analytics about the cybersecurity threat environment.

RiskIQ’s multi-faceted approach to cybersecurity as well as its commitment to educating the public on all manner of cyber threats by collecting, formatting and disseminating data makes them an asset. The company has an impressive suite of clients and continues to partner with major industry players.

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