Mastercard puts down $2.65bn for AI-powered threat intelligence platform Recorded Future
Mastercard has inked a deal to purchase US-based threat intelligence platform Recorded Future for $2.65 billion.
Mastercard to acquire Recorded Future for $2.65bn
The proposed deal with Insight Partners, which first acquired Recorded Future in 2019 for $780 million, is expected to close by Q1 2025, subject to regulatory approval and closing conditions.
If completed, the acquisition will join Mastercard’s identity, fraud prevention, real-time decisioning, and cybersecurity services, bringing with it “expanded threat intelligence capabilities” for the buyer’s merchant and financial network.
Founded in 2009 as “the world’s largest threat intelligence company”, Recorded Future provides organisations with real-time insights into emerging cyber threats. It uses artificial intelligence (AI) to analyse vast data sets across multiple sources, including the deep web, social media, and technical feeds. The analysis is then fed back to the organisation in the form of actionable intelligence, enabling proactive security measures to be realised.
Recorded Future says its platform currently serves over 1,900 clients across 75 countries, including 45 national governments.
Craig Vosburg, chief services officer at Mastercard, says the proposed acquisition “adds to how we deliver that greater peace of mind before, during and after the payment transaction”.
“With Mastercard, we’re laying out the next steps of our journey, broadening our intelligence strategy, and scaling our business,” Recorded Future’s CEO, Christopher Ahlberg, comments on LinkedIn.
