The Big Picture
ThreatSpike, an end-to-end cybersecurity provider, has secured €16.7M ($14M) in Series A funding led by Expedition Growth Capital. The investment will accelerate the company’s global expansion as it continues to simplify enterprise-grade cybersecurity for mid-sized businesses through its fixed-price, all-in-one platform.
Adding strategic weight to the funding round, Darktrace co-founder Emily Orton is joining ThreatSpike‘s Board of Directors, bringing extensive cybersecurity and growth expertise to guide the company’s next phase.
What This Means for UK SMEs
The Fragmentation Problem
UK SMEs face a common cybersecurity challenge: managing multiple, disconnected security tools that create gaps, increase costs, and require specialised expertise. ThreatSpike‘s unified approach directly addresses this pain point by consolidating multiple security functions into a single platform.
Cost-Effective Enterprise-Grade Protection
The company’s fixed-price model offers UK SMEs predictable cybersecurity costs – a crucial factor for businesses operating on tight budgets. This pricing structure eliminates the unpredictable expenses typically associated with traditional Cybersecurity solutions that charge per user, device, or incident.
Proven Track Record
With over 200 customers deployed across 90 countries, ThreatSpike has demonstrated its ability to scale globally while maintaining service quality. The company’s bootstrap growth until this funding round shows strong customer-driven demand – a positive indicator for UK businesses considering their services.
Platform Capabilities Relevant to UK SMEs
ThreatSpike Blue (24/7 Managed Detection and Response)
* Continuous monitoring without requiring in-house security expertise
* Real-time threat detection across all business systems
* Professional incident response capabilities
ThreatSpike Red (Unlimited Penetration Testing)
* Regular security assessments without per-test fees
* Proactive vulnerability identification
* Compliance support for UK regulatory requirements
Market Implications
The substantial funding round reflects growing investor recognition that mid-sized enterprises need cybersecurity solutions designed specifically for their scale and budget constraints. This trend could lead to more competitive pricing and better-tailored services for UK SMEs as the market evolves.
Founded by Security Veterans
Computer scientists Adam and Kate Blake founded ThreatSpike in 2011, leveraging their experience building Cybersecurity programmes in sophisticated financial institutions. This background provides credibility for UK financial services SMEs and other highly regulated sectors.
