Insight Partners Leads Investment in Spur Intelligence as Demand for Real-Time IP Insights Surges

Spur Intelligence, transforming obfuscation into evidence so you can stop threats hiding behind VPNs, proxies, and other anonymization infrastructure, led by Kevin Hickey, Ethan Smith, Riley Kilmer, and the team, has raised a $200 million investment from Insight Partners.

The investment highlights Insight’s confidence in the growing IP Intelligence market and Spur’s position as a leading platform in the space. The funding will support expansion across the business, helping accelerate operations, scale the product portfolio, and strengthen Spur’s market leadership.

The investment comes amid rising demand for advanced IP Intelligence as organizations face growing challenges in identifying anonymized internet activity across fraud and security workflows. Spur helps security and fraud teams detect hidden network infrastructure, including VPNs, residential proxies, and bot networks, by providing real-time intelligence through APIs, data feeds, and integrations. Built on continuous analysis of real-world network behavior, Spur’s platform enables organizations to distinguish legitimate users from intentionally obscured activity with greater accuracy.

Investors believe the fraud prevention landscape is undergoing a major shift as anonymization tools make it harder for organizations to understand the true source of online activity. Spur provides a critical intelligence layer by mapping internet infrastructure behind VPNs, residential proxies, and other obfuscation methods, helping security and fraud teams make faster, more informed decisions.

With Insight Partners’ backing, Spur plans to accelerate the growth of its IP Intelligence platform through investments in product development, network intelligence coverage, integrations, and enterprise operations. The partnership will help the company scale its customer base while continuing to improve the accuracy and depth of its internet infrastructure intelligence for security and fraud teams.

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