SolCyber has raised $20 million in solcyber series forgepoint funding from ForgePoint Capital to expand their technology offerings, improve customer growth and expand their team. The money will also support an aggressive hiring strategy. SolCyber is a managed security services company that offers a unique security approach. The company is a member of Marsh’s Cybersecurity Marketplace Services.
SolCyber is a next-generation managed security services provider
The SolCyber Series Forgepoint is an emerging provider of next-generation security services for organizations. The company recently raised $20 million in Series A funding from ForgePoint Capital. It will use the funding to continue developing its technology and services. SolCyber also plans to expand its team to 20 by the end of the year. The company hopes to take on the growing information security market. Gartner projects that by 2022, spending on cybersecurity will be more than $170 billion.
The company has one customer, the Rizek Group, a large business group in the Dominican Republic. SolCyber has helped the Rizek Group improve its security posture across email, endpoint, and active directory services. The company has raised $20 million in Series A funding from ForgePoint Capital and will use the funds to expand its product offerings and go-to-market efforts.
Solcyber Series Forgepoint
SolCyber is a next-generation managed security services (MSSP) provider that helps companies protect their data from cyber threats. Its products help companies detect, monitor, and respond to cybersecurity threats. The company recently raised $20 million from ForgePoint Capital, a private equity firm with experience in MSSPs. The investment will help the company grow its technology portfolio, build awareness in the mid-market, and increase its customer base. SolCyber’s team will grow from 12 to 20 people by 2021.
The company’s technology stack includes email security, endpoint protection, Active Directory abuse prevention, and admin exploit prevention. It also offers a variety of other services. The company is attempting to differentiate itself from its competitors by approaching the space differently. It will offer a single pricing model for its services, and offer a variety of security solutions. Given this, it may be able to carve a niche in a growing market.
The SolCyber Series A funding will allow the company to hire additional employees. ForgePoint Capital is an investment fund that specializes in cybersecurity startups. Its portfolio now includes over 30 companies. The firm also has an advisory council of 75 senior executives from various industries. It has recently acquired several firms, including Surefire Cyber, which helps cyber brokers and insurers respond to cyber incidents.
It is a member of Marsh’s Cybersecurity Marketplace Services
Marsh, a leading insurance broker and risk advisor, has expanded its services to include cybersecurity marketplace services, which help clients find the right security solutions and tools for their business. These services are facilitated by cybersecurity experts who will help clients evaluate vendors based on effectiveness, ease of administration, and compliance requirements.
SolCyber, a managed security service provider, has raised $20 million in series A financing led by ForgePoint Capital. The funds will be used to improve the company’s products and extend its go-to-market efforts.
Solcyber Series Forgepoint
SolCyber was launched as the first MSSP for the mid-market, providing organizations with solutions to detect, prevent, and respond to cyber threats. With this investment, the company will continue to expand its technology offerings, expand its marketing and customer acquisition strategy, and expand its channel footprint.
SolCyber Series Forgepoint is a modern MSSP aimed at mid-sized businesses and other small businesses. It provides foundational cyber insurance for these companies and helps them lower their business risk. SolCyber offers a simplified application process, enhanced coverage, and premium savings that can be as high as 30%.
It partners with Converge to redefine cyber insurance for the mid-market
SolCyber, a company owned by Forgepoint Capital, is partnering with Converge, an emerging cyber insurance provider, to redefine cyber insurance for the mid-market. The partnership will provide SMBs with enhanced cybersecurity coverage, streamlined application processes, and substantial premium savings.
SolCyber recently raised $20 million in Series A funding from ForgePoint Capital. The proceeds will go toward improving and expanding the company’s product and services. The new financing will also enable the company to continue building its go-to-market efforts.
Solcyber Series Forgepoint
SolCyber is part of a larger cyber insurance strategy that also includes MarshMcLennan. As a member of the Marsh Cybersecurity Marketplace Services, it works with MSSPs to help clients get cyber insurance more quickly.
SolCyber’s Cybersecurity Marketplace Services offering is one of the first to incorporate the Cybersecurity Marketplace Services (CSMP). The CSM provides objective advice and a curated list of cybersecurity vendors. Marsh’s cybersecurity specialists evaluate each vendor based on their effectiveness, ease of administration, alignment with industry frameworks, and pricing.