FireCompass Raises $7 Million to Improve its CART and ASM Capabilities

FireCompass, a SaaS platform for Continuous Automated Red Teaming (CART) and External Attack Surface Management (EASM) announced today that it was raising $7 million to expand to more international markets and hire more talent. This Series A investment comes four years after the creation of the company headquartered in Boston, Massachusetts, but FireCompass also has offices in Bangalore, India. 

If you’re unfamiliar with that term, red teaming is the process of creating a group that will rigorously test a company’s security systems to make proactive recommendations. FireCompass can automate this process and uses evolving reconnaissance techniques to identify a company’s weakest security points.

“With the funding, FireCompass plans to continue innovating on its platform and expand its team across engineering, research and sales,” the company said in a press release. It’s already been used by several top Fortune Companies including T-Mobile, and it’s also been recognized by the Gartner Hype Cycle for Security Operations.

How FireCompass aims to help companies mitigate risks faster

Being a SaaS platform, FireCompass requires no hardware, software, or agents. And with its automated red teaming and attack surface discovery capabilities, the self-described “ethical hacking platform” can scan for security blind spots and help companies test their attack surface with multi-stage attacks. 

FireCompass says that its main differentiator compared to other External Attack Surface Management platforms is that it conducts real attacks that don’t stop when a vulnerability point has been discovered. The company has developed proprietary attacker-centric playbooks that include network attacks, application attacks, and social engineering attacks

“Organizations typically test some of their assets some of the time, whereas, hackers are attacking all of the assets all of the time,” said the company’s co-founder Bikash Barai. “At FireCompass, our vision is to make Continuous Automated Red Teaming available to all so that organizations can continuously discover and test all their assets at all times – just like the real attackers”.

With the volume of cyberattacks being constantly on the rise, it’s probably the right time for FireCompass to get new investors on board and accelerate its growth. “FireCompass’ technology is a game-changer for organizations looking to stay ahead of cyber threats,” said Preetish Nijhawan, Managing Partner at Cervin, one of the companies leading this investment round.