Specter OPS
Alexandria, US Β· Founded 2017 Β· Delaware corporation Β· 296 employees on LinkedIn Β· 12 known investors
SpecterOps is a cybersecurity platform focused on identity attack path management, built by the creators of BloodHound. The company provides technology, training, and services to help organizations move from reactive defense to proactive identification and elimination of identity-based attack paths.
Also known as Specter Ops Inc. Β· Specter Ops, Inc. Β· SpecterOps
Founders & leadership




Board



Investors Β· 12
Also in the syndicate Β· 5
Reported raises Β· per SEC filings
Form D private placements$101.7M disclosed across 3 of 5 rounds Β· 2022β2025
βΆ$30MraisedNov 2025 Β· 9 investors Β· OtherRule 506(b)
- JASON FRANKExecutive Officer, Director
- KEVIN MANDIADirector
- KELLY COFFMANExecutive Officer
- THOMAS KRANEDirector
- DAVID MCGUIREExecutive Officer, Director
- JON SAKODADirector
- Offering amount
- $30M
- Amount sold
- $30M
- First sale
- Nov 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
βΆ$43MraisedDec 2024 Β· 10 investors Β· OtherRule 506(b)
- KEVIN MANDIADirector
- JASON FRANKExecutive Officer, Director
- JON SAKODADirector
- DAVID MCGUIREExecutive Officer, Director
- THOMAS KRANEDirector
- KELLY COFFMANExecutive Officer
- Offering amount
- $50M
- Amount sold
- $43M
- First sale
- Dec 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
βΆ$28.7MraisedJun 2023 Β· 16 investors Β· OtherRule 506(b)
- JASON FRANKExecutive Officer, Director
- KELLY COFFMANExecutive Officer
- JON SAKODADirector
- DAVID MCGUIREExecutive Officer, Director
- Offering amount
- $28.7M
- Amount sold
- $28.7M
- First sale
- Oct 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Specter Ops, Inc. (SpecterOps) is a computer and network security company headquartered in Alexandria, Virginia. It is the creator of BloodHound, originally free and open-source software used by penetration testers and red teamers to identify attack paths in on-premises Active Directory environments, and it describes its core discipline as Identity Attack Path Management. In 2021 the company launched BloodHound Enterprise, a commercial platform that continuously maps and quantifies identity attack paths across Active Directory and Azure (Azure Active Directory/Entra ID and Azure Resource Manager) and supports automated removal of attack paths within existing architectures. By 2026 the platform's coverage had been extended to Entra, AWS, Okta, GitHub, and Mac environments in addition to Active Directory.
Alongside the platform, SpecterOps sells adversary-focused services and training: security assessments, red team engagements and adversary simulation, detection assessments, hunt operations, breach assessments, Active Directory security work, and security program development. Its training business covers red team operations and identity-driven offensive tradecraft, and in July 2026 it launched the SpecterOps Tradecraft Academy, an on-demand training platform at academy.specterops.io. The company also maintains BloodHound Community Edition and other open-source tooling, and has published projects including Covenant, Mythic, Merlin, and Ghost Manager.
The product line is positioned around continuous graphing of identity relationships and privilege escalation paths, prioritization via "choke points" intended to remove large numbers of paths with a single fix, step-by-step remediation guidance, enterprise-wide identity risk reporting, and access "zones" for enforcing least privilege and preventing lateral movement across on-premises, cloud, and hybrid environments. Use cases marketed by the company include mergers and acquisitions, where BloodHound Enterprise is used to assess an acquisition target's domain or tenant before establishing a trusted connection.
Founding story
The company was founded in 2017 on the belief that only with true knowledge of how adversaries operate can organizations defend themselves against modern attacks; its first product was BloodHound, free and open-source software for identifying Active Directory attack paths.
Business model
SpecterOps combines a commercial software platform (BloodHound Enterprise, sold to enterprises with support) with professional services β offensive/red team engagements, adversary simulation, detection assessments and security program development β and paid training, including an on-demand academy and live training events. A free open-source BloodHound Community Edition serves the practitioner community.
Revenue comes from enterprise subscriptions/licences for the BloodHound Enterprise platform plus fees for consulting and assessment services and for training programs and courses.
Traction
BloodHound Enterprise customer acquisition grew roughly 600% through 2022 and adoption increased 100% year over year in 2024 to nearly 200 customers. As of 2023 the company reported over 400 security community contributions, 93 open-source security tools created, more than 6,900 students trained, and more than 185 customers served with adversary simulation and detection assessments. A third-party profile estimated approximately 289 employees as of July 2026.
Latest developments
In December 2025 SpecterOps announced an integration and partnership with Tines for AI-assisted identity risk workflows. In February 2026 it announced a partnership with Cisco adding BloodHound Enterprise to the Cisco Solutions Plus Marketplace, and Don Landers, director of global partners, was named to CRN's 2026 Channel Chiefs list. In March 2026 the company added support for Okta, GitHub and Mac environments to BloodHound Enterprise along with integrations for Palo Alto Cortex XSOAR, Microsoft Sentinel and ServiceNow VRM, demonstrated at RSAC 2026. In July 2026 it launched the SpecterOps Tradecraft Academy on-demand training platform. The company has also been selected for OpenAI's Trusted Access for Cyber program and works with the UK AI Security Institute, and it publishes 2026 SOC 2 Type II and ISO 27001/27017 reports through its trust center.
βΈFull profile β market position, technology, go-to-market, geography, history
Market position
The company positions itself as the pioneer of Attack Path Management and the creator of BloodHound, an industry-referenced open-source tool for mapping Active Directory attack paths, and markets BloodHound Enterprise as an identity attack path management platform for hybrid environments. It holds FedRAMP High authorization and a broad set of compliance attestations (SOC 2 Type 2, ISO/IEC 27001:2022, ISO/IEC 27017:2015, Cyber Essentials, CREST, TX-RAMP Level 2).
SpecterOps grounds its product in offensive research and adversary tradecraft β the same knowledge base behind its red team services and training β and applies graph-based analysis of identity relationships instead of list- or access-control-centric approaches, aiming to eliminate attack paths preemptively rather than detect and respond after compromise.
Technology
The platform treats the identity ecosystem as a networked graph rather than a list, continuously mapping identities, permissions, delegated rights, service accounts, and trust relationships across Active Directory, Entra, Azure Resource Manager, AWS, Okta, GitHub, and Mac environments to surface privilege escalation and lateral movement paths. It computes choke points to prioritize remediation, provides impact-aware remediation guidance, tracks identity risk trends over time, and supports zone-based enforcement of least privilege. The company also publishes open-source tooling such as BloodHound Community Edition, Covenant, Mythic, Merlin, and Ghost Manager. Infrastructure is hosted with a major cloud provider (Amazon Web Services).
Go-to-market
Direct enterprise sales supported by an expanding channel and partner program, marketplace availability (Cisco Solutions Plus Marketplace), and technology integrations with Microsoft Sentinel, Palo Alto Cortex XSOAR, ServiceNow VRM, and Tines. Community adoption of open-source BloodHound, published research, conference presence (e.g., RSAC 2026, Specter Bash training event) and training courses act as top-of-funnel channels.
Enterprise and public-sector security teams managing complex hybrid identity estates, including regulated and US government buyers (FedRAMP High authorization for BloodHound Enterprise). Named customers include Capital Group, the University of Texas at Austin, and Woodside Energy. Security practitioners and red teamers form the audience for the open-source edition and training.
Geography
Headquartered in Alexandria, Virginia, US, with staff reported across North America, Europe and Oceania, including an EMEA director role. Work with the UK AI Security Institute and customers such as Australia's Woodside Energy indicate international engagement.
History
Founded in 2017 around the premise that defenders need detailed knowledge of adversary operations, the company first became known for the free, open-source BloodHound tool. It commercialized the approach with the 2021 launch of BloodHound Enterprise, raised a $25 million Series A in April 2023 and a $75 million Series B in March 2025, and subsequently broadened platform coverage beyond Active Directory and Azure to Okta, GitHub, AWS and Mac environments while adding partnerships and integrations across the security ecosystem.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Competitors Β· 6
by search overlapCompanies competing with Specter OPS for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline Β· 10
launches, deals, and filingsOn-demand training platform launched at academy.specterops.io.
Platform expansion with support for Okta, GitHub and Mac environments, alongside integrations with Palo Alto Cortex XSOAR, Microsoft Sentinel and ServiceNow VRM; demonstrated at RSAC 2026.
CRN, a brand of The Channel Company, named SpecterOps director of global partners Don Landers to its 2026 Channel Chiefs list.
BloodHound Enterprise achieved FedRAMP High Authorization, supporting US government and regulated-industry customers.
Combines SpecterOps identity Attack Path Management with Tines' workflow platform for AI-assisted investigation workflows.
The company announced a $75 million Series B to scale BloodHound Enterprise and expand removal of identity-based attack paths.
$75M source β
Funding intended to accelerate adoption of BloodHound Enterprise and expand research and development.
$25M source β
Commercial, supported version of BloodHound that continuously maps and quantifies identity attack paths in Active Directory and Azure.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities Β· 1
corporate structureβΈResearch sources Β· 8
primary sources listed
- Specter OPSspecterops.io Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Specter OPS do?
- SpecterOps, creator of BloodHound, sells identity attack path management software plus offensive security services and training.
- Who are Specter OPS's investors?
- Specter OPS's investors include Ansa Capital, Aviso Ventures, Ballistic Ventures, Cisco Investments, Decibel Partners, Insight Partners, M12 (Microsoft's Venture Fund).
- How much funding has Specter OPS raised?
- Specter OPS has disclosed $101.7M raised across 3 of its 5 known rounds.
- Where is Specter OPS headquartered?
- Specter OPS is headquartered in Alexandria, US.



