SVB to provide up to $2 mln debt financing to HYAS

British Columbia-based HYAS, a provider of attribution intelligence solutions for infosec and cybersecurity professionals, has secured up to $2 million in debt financing from Silicon Valley Bank. Recently, HYAS raised $6.7 million in a Series A funding round led by M12, Microsoft’s venture fund.

PRESS RELEASE

VICTORIA, British Columbia–(BUSINESS WIRE)–HYAS, a leading provider of attribution intelligence solutions for infosec and cybersecurity professionals, today announced that it has entered into a debt financing agreement with Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors. This agreement provides up to $2 million in new capital that will transform its Comox attribution intelligence engine into a holistic platform that enables enterprises to analyze clearly-defined threat data, mitigate attacks and ultimately, track hackers right to their doorstep.

“Silicon Valley Bank’s support builds on our successful Series A and allows us to aggressively expand the Comox platform through our incredibly talented pool of developers,” said Jeff Spencer, COO of HYAS. “Over the past quarter alone, we’ve hit the critical development milestones that will allow organizations to predictively block bad actor infrastructure before it’s had the chance to do bad things. They’ll be able to prepare for and mitigate the biggest threats to their operations.”

“We are excited to work with HYAS and impressed with their innovative approach to cybersecurity,” said Minh Le, Market Manager of Washington and Western Canada at Silicon Valley Bank. “As cybersecurity threats continue to grow and evolve, HYAS’ products, services and access to actionable threat data are increasingly important.”

HYAS’ Comox engine already provides Fortune 100 companies with billions of exclusive, proprietary threat indicators. The company plans to expand its offerings over the next quarter to include Saltspring, a cloud-based tool that provides early warnings of global attacks in real time.

HYAS’ mission is to build products and services that pinpoint the perpetrators of cyber attacks and work closely with clients and international law enforcement in order to bring bad actors to justice. The company recently secured a $6.7 million Series A round led by M12, Microsoft’s venture fund, with additional funding from Susa Ventures, an early-stage technology fund based in San Francisco.

For more information on HYAS and its services, please visit www.hyas.com.

About HYAS
HYAS is a venture-backed startup that provides attribution intelligence solutions to help InfoSec and cybersecurity professionals identify threats and the cybercriminals behind them. Its online detection, analysis and investigation tools are powered by exclusive datasets that give HYAS an unparalleled view into malicious activity and the infrastructure used to conduct it. HYAS’ proprietary database of cybercrime indicators contains billions of data points, with millions of new points added every day. Unlike other cybersecurity service providers, HYAS focuses on pinpointing the perpetrators of these digital attacks and works closely with clients and international law enforcement to bring them to justice.

About Silicon Valley Bank
For 35 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at svb.com.