IriusRisk, a threat modeling platform, today announced that it raised $29 million in a Series B funding round led by Paladin Capital Group with participation from BrightPixel Capital, SwanLab Venture Factory, 360 Capital and Inveready. In a conversation with TechCrunch, CEO Stephen de Vries said that the proceeds will be put toward growing IriusRisk’s U.S. and Europe, Middle East and Africa sales and marketing teams as the company’s total raised nears $40 million.
De Vries, who previously worked at cybersecurity firm Corsaire, KPMG and ISS as a principal security consultant, said he came to the realization that companies were wasting resources performing security testing on software that developers didn’t design wi …
