ThreatModeler has announced the acquisition of IriusRisk, bringing together the two leading enterprise threat modeling platforms in a move that significantly reshapes the global application security landscape. The deal strengthens ThreatModeler’s position as the global market leader in a rapidly expanding $30 billion application security market.
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With this acquisition, ThreatModeler now serves Fortune 1000 organizations across financial services, pharmaceuticals, technology, and critical industrial manufacturing throughout North America, EMEA, and Asia. Customers using the platform report substantial returns, including up to 10x productivity improvements and as much as 50% cost savings within the first year, highlighting the growing demand for scalable, AI-driven security solutions.
“By adding IriusRisk, we’re creating the clear global leader in threat modeling at a time when demand is accelerating across every industry,” said Matt Jones, CEO of ThreatModeler. “Together, we can deliver more innovation, broader support, and solutions that make secure-by-design not just achievable, but sustainable at enterprise scale.”
As cybersecurity teams face increasing pressure from growing attack surfaces and AI-driven threats, the need for scalable threat modeling has never been greater. The combined organization brings together hundreds of customers, the largest professional threat modeling communities, and tens of thousands of existing threat models. This scale uniquely positions the company to democratize secure-by-design practices and help enterprises effectively extend the reach of their security and development teams.
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“This acquisition accelerates our vision of delivering an AI-native security platform powered by the industry’s largest proprietary dataset,” said Archie Agarwal, Founder and Chief Innovation Officer of ThreatModeler. “By combining our technologies and teams, we’re enabling faster innovation, deeper intelligence, and a platform that grows alongside our customers.”
Stephen de Vries, CEO of IriusRisk, added that both companies share a strong commitment to helping organizations shift security left in the development lifecycle. By joining forces, he noted, they are better equipped to embed threat modeling deeply across architecture and development workflows.
Together, the platforms blend complementary strengths: ThreatModeler’s AI-driven automation and scalability with IriusRisk’s deep engagement across development and architecture teams and its highly active threat modeling community. The unified offering allows enterprises to build threat models faster, expand adoption across teams, and integrate security seamlessly throughout the software lifecycle.
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“Threat modeling is becoming mission-critical as cybersecurity evolves into an AI-accelerated arms race,” said John DeLoche of Invictus Growth Partners. “This combination creates the industry’s largest threat modeling dataset and gives enterprises a powerful advantage in proactively defending their systems.”
The combined company is majority owned by Invictus Growth Partners, with Paladin Capital Group continuing as a shareholder, reinforcing long-term confidence in the platform’s growth and innovation roadmap.
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