Spur lands $200M from Insight Partners to scale IP intelligence platform
What's the deal? Spur Intelligence has raised $200 million in a late-stage round led by Insight Partners, the global software investment firm. The company plans to spend across product development, intelligence coverage, integrations, and enterprise operations as it scales its platform and customer base.
What does Spur do? It provides infrastructure-aware IP intelligence that helps security and fraud teams spot when network connections are being deliberately obscured — through VPNs, residential proxies, or bot networks — and turn those signals into usable context. Its platform delivers intelligence via APIs, data feeds, session enrichment, and integrations built for real-time decisions.
Why now? Demand has surged for better visibility into anonymised internet traffic, as organisations struggle to separate legitimate users from activity routed to bypass controls.
Spur's 2026 IP Intelligence Study found that 94% of organisations encountered anonymising VPNs or residential proxies in security incidents. Nearly half plan to implement, upgrade, or buy a commercial IP intelligence solution within the next 12 months.
What's the investor's view? "We're in the middle of a massive shift in fraud prevention," said Thomas Krane, managing director at Insight Partners. He pointed to a "critical blind spot" for organisations: "they can see the activity, but not the infrastructure behind it."
What does the company say? "Demand for high-fidelity IP intelligence is accelerating as organizations struggle to understand the true source and intent behind internet traffic," said Kevin Hickey, chief executive officer of Spur. He added that Insight "recognized this critical problem early," understanding both the market opportunity and the technical depth needed to address it.
The signal: As criminal VPNs and proxy networks proliferate, attribution — knowing the true origin of traffic — is becoming a distinct category in fraud and security tooling. Spur argues its intelligence is rooted in real-world network behaviour that AI models cannot replicate, and Insight's $200 million bet suggests investors see room for a category leader.
Read more: citybiz
