Blog by Kailash Ambwani, Chief Executive Officer, Constella Intelligence
Days after joining 4iQ (now Constella Intelligence), I fell victim to identity theft. Someone applied for an SBA loan using my credentials. They had gotten access to my social security number, date of birth, address, and other critical information.
Ironic? Not really. “Ironic” would imply this was unusual. Unfortunately, today, identity theft is commonplace. According to our recent Identity Breach Report, there are nearly 20 Billion identity records circulating in underground communities. And identity theft is just one of a rising tide of modern digital risks facing consumers and organizations around the globe.
Data breaches are, unfortunately, an all-too-common occurrence. As the saying goes, it is not a matter of if, but when. It is impossible to stop all data breaches, so instead, we must turn our attention to what happens after the breach. It is vital for enterprises and individuals to understand their digital exposure in open sources on the surface, social, deep and dark web. At Constella, we leverage this breached data to build digital profiles, unmask modern threat actors and protect customers’ data and reputations — saving millions in fraud losses.
Constella is at the forefront of understanding modern digital risk. We are on a mission to help every company operationalize that understanding, stop fraud and crime, and make people safer. It is no longer enough to keep your own house in order, to play defense. Now more than ever, we must empower investigators to uncover the real identities behind criminal activities and thwart future attacks.
I am excited to join during a period of rapid growth and innovation. We recently raised $30 million in Series C, bringing our total funding to more than $62 million. We are scaling up and expanding further into the Digital Risk Protection market and soon, we will unveil new, innovative solutions to disrupt cyber-enabled crime.
A little about my background — I bring more than 20 years of entrepreneurial experience in the consumer and enterprise software and services industries. Recently, I was President and CEO of Actiance, a leading provider of compliance, security, and archiving platforms serving large enterprises with massive data repositories. Constella sits at the intersection of data and security & compliance.
Looking ahead, Constella will ramp investments in go-to-market activities and accelerate innovation to help customers better anticipate and respond to emerging digital risks. I’m inspired by all the great work that this company has accomplished, and I look forward to an exciting journey. Thank you to all our customers, partners, investors, and, of course, the team at Constella, for giving me such a warm welcome.
Stay tuned as we have significant announcements on the horizon!
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