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London-based cybersecurity firm ThreatSpike has raised £10.35m in a Series A funding round led by Expedition Growth Capital, marking its first external investment after 14 years of bootstrapped growth. The round also sees the appointment of Darktrace co-founder Emily Orton to the company’s board, which adds a strong vote of confidence in the cyber startup.
Founded in 2011 by husband-and-wife team Adam and Kate Blake, former analysts at Deloitte, Accenture, and Morgan Stanley, ThreatSpike delivers an all-in-one cybersecurity platform tailored for mid-sized enterprises. The business already serves more than 200 customers across 90 countries and sectors including hospitality, industrial, investment, and professional services, with logo’s listed including the RAC, ISG and Claridges.
The company combines real-time detection, incident response, and penetration testing into a single, unified system. The company offers two solutions, ThreatSpike Blue (24/7 managed detection and response) and ThreatSpike Red (unlimited penetration testing). A key feature of the platform is its ability to simulate real-world cyberattacks and conduct continuous vulnerability scanning, enabling organisations to assess their security posture on demand.
“In a market full of three-letter acronym products and aggressive upselling, we take a different approach,” said CEO Adam Blake. “We’re proud to offer a transparent, flexible platform that truly protects without hidden costs.”
For mid-sized enterprises it can be challenging finding a complete cybersecurity solution at the right price point, and one that is clear on what it delivers. Blake is on point when he highlights just how confusing the security product landscape can be at times. We have also seen product consolidation happening across all levels of the market as companies try to cut costs and management overheads. Whilst the heavy hitters like Palo Alto Networks and CrowdStrike can deliver that all-encompassing cyber suite, it is not a fit for all organisations and can often be far more complex that they appear, with multiple products requiring integration even on the same platform.
Posted by: Simon Baxter at 09:29