A new chapter in securing fraud defenses: Announcing Spec’s $15 million Series A funding
We’ve reached a pivotal moment at Spec that I’m thrilled to share with you: the successful close of our Series A funding round. This isn’t just a milestone for us; it’s a collective achievement that reflects the trust and support of our incredible community—our customers, investors, partners, and every member of Team Spec.
Our founding team started out with a “hello world” prototype of our platform in the early days of the pandemic. Today, Spec’s platform invisibly protects enterprises processing billions in online transactions and deploys active countermeasures against AI-powered attack tools.
The funding we’re announcing today fuels our continued growth. With it, we’ll:
- Deliver to our customers even more visibility and control over attack detection and exploit remediation;
- Expand our threat labs, our R&D powerhouse, to further deconstruct the tools and tactics used by modern attackers
- Make it even easier to evaluate, deploy, and manage specialized fraud detection signals from our growing partner ecosystem.
I’m excited about our continued partnership with SignalFire, who led this funding round. Their deep expertise in cybersecurity, enterprise, and AI is a perfect match for our mission. We’re equally grateful for the continued support from Legion Capital and Rally Ventures, whose insights and experience are invaluable.
As we look ahead, our commitment to serving enterprises in retail, ticketing, and marketplaces remains stronger than ever. This funding accelerates our efforts to deliver unparalleled security solutions for these amazing businesses.
I want to extend a heartfelt thank you to everyone who has been part of this incredible journey. Your trust and support are not just appreciated; they’re the very foundation of our innovation and success. As we celebrate this significant milestone, know that we’re celebrating you all too, and we’re just getting started. The future is bright, and we’re more committed than ever to exceed your expectations in every way.
Until next time,