SolCyber raises $20 million in series A funding led by ForgePoint Capital
SolCyber, a 20m forgepoint capitalwiggersventurebeat managed security services provider, has raised $20 million in Series A funding led by ForgePoint Capital. This new investment will help the company expand its technology portfolio, build customer growth, and continue to hire highly qualified professionals. The company is well positioned to take advantage of the growing demand for cybersecurity solutions.
The company, which has 12 employees and a limited revenue, plans to grow its team to 20 by the end of the year. The company’s technology stack covers email security, endpoint protection, Active Directory abuse prevention, and admin exploitation prevention. It also provides 24-hour monitoring and 365-day log retention. SolCyber has already won one major customer in the form of Rizek Group, a Dominican company with a global footprint.
20m Forgepoint Capitalwiggersventurebeat
Forgepoint Capital is the world’s most active cybersecurity venture capital firm with over 30 portfolio companies and 75-strong advisory council. It has acquired several companies, including Surefire Cyber, which helps cyber brokers and insurers respond to cyber incidents. The fund’s initial focus will be on the digital security sector and will invest in companies that will help sustain the future of the internet.
SolCyber’s technology helps mid-sized companies improve their security posture quickly. This is important because cyber criminals do not discriminate based on size. They use the same advanced techniques on every organization. In addition, mid-sized companies have limited resources and budgets. The company’s technology helps them quickly and effectively tackle modern threats.
20m Forgepoint Capitalwiggersventurebeat
The new round is part of the company’s strategic development. The company is planning to expand its services to more enterprises and customers, and it plans to hire more people. The new funding will help the company grow rapidly. The company expects to double its revenue and increase its employees over the next year.
Cybersecurity Ventures backs exceptional entrepreneurs who are working to solve the most complex challenges in cybersecurity and infrastructure software. The money will go toward recruiting new employees and developing new features. So, if you’re in the market for cybersecurity software, you should consider investing in this promising startup. Its technology will help protect your business from data breaches. It will also allow you to easily and efficiently deploy your platform to multiple sites.
SolCyber’s technology stack
SolCyber’s latest investment round brings a 20 million dollar commitment to the company. Its technology stack includes email security, protection against Active Directory abuse, and prevention of admin exploitation. It also offers security training and education programs for staff. The company hopes to enter the $170 billion information security market by 2022.
SolCyber is a managed security service provider that has raised $20 million in a series A round led by ForgePoint Capital. The new investment will help the security company further develop its products and expand its go-to-market efforts.
20m Forgepoint Capitalwiggersventurebeat
SolCyber launched as the first MSSP for the mid-market and aims to empower organizations to prevent, monitor, and respond to cybersecurity threats. With this funding round, SolCyber plans to extend its technology stack, build awareness in the mid-market, and expand its team from 12 to 20 employees by 2021.
The funding comes at a time when cybercrime is on the rise, and a recent survey revealed that more than 80% of IT professionals believe that companies do not implement effective cybersecurity. Additionally, cybercrime is expected to cost the world $10.5 trillion by 2025, and the average time to detect a breach is eighty days.
Fundraising round led by ForgePoint Capital
The startup RapidFort is developing a cloud governance platform that reduces the attack surface of software applications. To support its growth, the company has raised a Series A round led by ForgePoint Capital and other investors. It will use the money to increase its sales, marketing, and engineering efforts.
Forgepoint Capital is the world’s largest cybersecurity venture capital firm, with over 30 active portfolio companies. Its advisory council includes 75 senior executives in different industries. Since its 20m forgepoint capitalwiggersventurebeat founding in 2015, Forgepoint has closed 22 new financing rounds and invested in 10 companies in the cyber sector. Its portfolio companies include Rafey, 1Kosmos, and DeepSee. In addition, the firm has acquired two cybersecurity companies – Attivo Networks and SentinelOne.
20m Forgepoint Capitalwiggersventurebeat
Huntress has raised a $40 million Series A investment round led by ForgePoint Capital. This 20m forgepoint capitalwiggersventurebeat funding will enable the company to expand its cybersecurity platform and partner with managed service providers and value added resellers to deliver security services to SMBs. In addition to the venture capital funds, Huntress has also received investment from ForgePoint Capital and Gula Tech Adventures. The company is looking to increase its market share and expand its geographic reach.
SolCyber is an award-winning managed security service provider. The 20m forgepoint capitalwiggersventurebeat company recently raised $20 million in Series A funding from ForgePoint Capital. The money will be used to enhance the company’s technology offerings, expand its customer base, and increase go-to-market efforts. The startup is gearing up for growth at a time when cybercrime is on the rise. According to recent estimates, cybercrime costs the world $10.5 trillion a year.
