Insight Partners has acquired a controlling interest in threat intelligence company Recorded Future for $780 million. The deal represents one of the largest security software transactions of the year, and the largest ever in the threat intelligence space, according to Christopher Ahlberg, co-founder and CEO of Recorded Future.
The company’s leadership team is expected to remain in place. Insight’s Mike Triplett and Thomas Krane are joining the Recorded Future’s board.
Recorded Future automates collection of threat data from a range of technical, open web, and dark web source. The company uses machine learning, natural language processing, and pattern recognition technology to index over 350 facts per second, which is equivalent to having 8,774 full-time human analysts, says the Recorded Future website. Recorded Future currently has more than 400 clients, according to the company.
Chris Pasko and Ivan Brockman of PJT Partners served as advisors for Recorded Future. John Patterson and Alexander Aber of Foley Hoag provided legal counsel to Recorded Future. Willkie Farr & Gallagher provided legal counsel to Insight Partners.
Read the blog post from Recorded Future here.
[Image courtesy: Recorded Future]