APAC Digest: Bolts Threads raises $106m Series D; ThreatQuotient gets $30m

Bolt Threads is raising $106 million in a Series D from Formation 8 and Foundation Capital while ThreatQuotient has raised a $30 million Series C from strategic investors.

Bolt Threads raises $106m Series D from Formation 8 & Foundation Capital

Biotechnology company Bolt Threads, focused on refining spider silk production technology, is raising a $106 million Series D from two existing investors, Formation 8 and Foundation Capital, according to details in an SEC filing.

TechCrunch first reported the development.

Bolt Threads has partnered with the likes of Patagonia and Stella McCartney, as well as acquired the Best Made Company.

With this round, the aggregate funding into the firm would increase to $196 million, Crunchbase data notes.

As a high-performance technical fibre, spider silk has a broad range of uses. It is stronger and tougher than equivalent steel fibres and can be used in an array of military, industrial, and consumer applications due to its superior mechanical properties.

The global market demand for such technical fibres is growing and was estimated to be worth about $133 billion in 2012.

ThreatQuotient raises $30m strategic Series C led by Adams Street Partners

ThreatQuotient, a threat intelligence platform, has closed a $30 million Series C round led by Adams Street Partners. Strategic partners Cisco Investments and NYSE-listed NTT DOCOMO Ventures, Inc. joined the round with existing investor New Enterprise Associates (NEA), and growth capital partner Silicon Valley Bank.

The deal will see Fred Wang, a partner of the Venture/Growth Team at Adams Street Partners, join the company’s board of directors. This latest investment will see the company accelerate product development, as well as sales and marketing expansion in the US and internationally.

ThreatQuotient aims to address the cybersecurity industry’s increasing demand for a threat intelligence platform focused on understanding and anticipating threats and strengthening defences.

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