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Booz Allen Spinoff SnapAttack Raises Funds to Drive Platform Development

SnapAttack, a cybersecurity-focused spinoff of Booz Allen Hamilton, raised $8 million in capital during a recent funding round and will use the investment to accelerate the development activities of its cyber threat intelligence platform.

The cybersecurity firm said Tuesday Volition Capital led the funding round, which was also participated by Booz Allen and Strategic Cyber Ventures.

SnapAttack’s platform leverages a library of recorded attacks to inform security operators in a way that combines offensive and defensive approaches. This combined approach helps operators detect behavioral characteristics and identify security vulnerabilities.

The firm will use the funds to augment reporting, manage the life cycle of detection analytics, further integrate security operations and feed its platform with additional intelligence content.

SnapAttack’s team will also be expanded across engineering, product and sales functions to further its presence in the federal market.

Booz Allen announced SnapAttack’s spinoff on Monday and will retain a minority interest in the newly independent company.

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