Tharros gets backing from Blue Delta
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By
Ross Wilkers
The 16-year-old company supports the National Vulnerabilities Database, a cornerstone repository for cyber researchers to assess exploits.
Tharros, a cybersecurity and vulnerability research company focused on government work, has received an equity investment from venture firm Blue Delta Capital Partners to aid the next iteration of its strategy.
Founded by CEO Lonnie Parker in 2010, Tharros originally started out under the name of Analygence and develops its tools in part to detect zero day vulnerabilities before they become a problem. These are hardware or software security flaws that operators and enterprises do not know about.
Blue Delta’s investment in the company coincides with Tharros’ rebranding to that new name and will support efforts to scale the company’s technical capabilities and team size, plus identify acquisitions and speed up technology development efforts. Financial terms of the move announced Tuesday were not disclosed.
"This partnership is about more than just capital; it's about having the right strategic partners as we invest in our people and double down on innovation,” Tharros’ founder and CEO Lonnie Parker said in a release. “Our goal is to ensure our customers can operate with total confidence to never allow cyber threats to stop the mission regardless of how the threat landscape shifts."
"Lonnie and his team have built a differentiated platform with a clear vision for the future of government cybersecurity,” added Kevin Robbins, a general partner at Blue Delta. “We are excited to help them accelerate that growth, as non-control equity partners."
Fulton, Maryland-headquartered Tharros was chosen in 2024 to work with the National Institute of Standards and Technology on efforts to cut down a growing backlog in a key cyber database.
NIST’s National Vulnerabilities Database acts as a cornerstone repository for cybersecurity researchers, who use its contents and vulnerability measuring tools to assess cyber exploits.
Blue Delta closed its fourth fund in the summer of 2024 at $250 million in commitments from investors. The firm typically makes equity investments of between $15 million and $50 million for noncontrolling ownership positions in growth-stage contractors.