SolCyber 20m Forgepoint
SolCyber 20m Forgepoint is a modern MSSP designed to help midmarket organizations monitor, prevent, and respond to cybersecurity threats. It has raised $20 million in a series A funding round. Currently, it has 12 employees and plans to add another 20 in the near future.
SolCyber 20m forgepoint is a modern MSSP that helps midmarket organizations monitor, prevent, and respond to cybersecurity threats
SolCyber is a cybersecurity company that offers a comprehensive technology stack. Its services include security training for employees and phishing prevention. It also provides a security operations center, which enables companies to detect and respond to cybersecurity threats. SolCyber is backed by Forgepoint Capital, a cybersecurity venture capital firm. It has a staff of twelve and plans to grow to twenty by the end of the year.
Cybersecurity attacks are not discriminatory; they attack organizations of all sizes. Regardless of size, hackers use the same sophisticated techniques to compromise an organization. While midmarket organizations tend to have limited budgets and resources, they must focus on providing robust cybersecurity solutions. SolCyber’s capabilities will help midmarket organizations immediately improve their security posture.
SolCyber has raised $20 million in Series A funding from ForgePoint Capital to grow its business. The new funding will allow the company to expand its technology offerings and increase its team size. It is well-positioned for continued growth and will continue to focus on delivering a superior service.
It has raised $20 million in series A funding
SolCyber is a managed security services provider that offers a unique security approach to mid-market companies. Its technology enables firms to prevent, monitor, and respond to cybersecurity attacks. Founded in 2014, the company is positioned to capitalize on the rising demand for cybersecurity services. It currently has a dozen employees but is on track to grow its team to 20 by 2021.
The new round of funding will help the startup expand its product portfolio. SolCyber currently employs 12 people and plans to double that number by the end of the year. The company plans to enter the $170 billion market for information security, which is expected to grow to over $20 trillion by 2022. Cybercrime is a growing global issue and the time it takes to detect a breach is staggering. A survey found that 80% of IT workers believe that organizations are not adequately protected from cyberattacks.
The money will go towards expanding the company’s product offering, increasing its brand awareness, and improving customer acquisition. The new funding will also help the company to recruit and develop new personnel. The company plans to transition to an all-electric operation by 2023. It also plans to expand into other markets, including Washington D.C., Silicon Valley, and the UK.
SolCyber is the world’s first modern MSSP for the mid-market market. The firm was incubated at Forgepoint Capital and launched in the market in July 2021. Since then, it has continued to serve its rapidly growing client base, including several Forgepoint portfolio companies.
It has 12 employees
Security firm SolCyber has secured $20 million in Series A funding from ForgePoint Capital. The company plans to use the money to expand its product offering, speed up its go-to-market efforts, and hire additional staff. ForgePoint is one of the top venture capital firms in the cybersecurity space, with a portfolio of 36 cybersecurity companies and an Advisory Council of 75 industry leaders. As of March 2019, the company had 12 employees, and it expects to expand its workforce to more than 20 employees by the end of this year.
The company says that the growing number of cyberattacks is driving a growing need for cybersecurity services. While its revenue remains small, the company is well-positioned to grow as the cost of cybercrime continues to increase. By 2022, analysts estimate that information security costs will reach $170 billion worldwide.
SolCyber helps organizations monitor, prevent and respond to cybersecurity threats. ForgePoint has invested $20 million in the company and plans to grow to 20 employees by the end of this year. The startup is positioned to grow as demand for cybersecurity services increases, which makes it a good investment for investors. With the investment, SolCyber plans to grow to 20 employees, which will enable it to expand its service offerings.
SolCyber is positioning itself as a next-generation MSSP. With $20 million in Series A funding, the company will continue to expand its product portfolio and expand its customer base. The money will be used to build customer awareness, expand its technology offerings, and hire more employees. By 2021, SolCyber plans to hire as many as 20 full-time employees.
It plans to expand its staff to 20 members
The managed security service provider, SolCyber, has raised $20 million in a Series A round of funding led by ForgePoint Capital. The money will be used to expand its product offering, increase brand awareness, and accelerate customer acquisition. It will also use the funds to further develop its team.
The funding will be used to expand its staff and continue to develop its technology. The company plans to use the funds to improve its product portfolio and expand its go-to-market strategy. With the escalating cost of cybercrime, SolCyber is positioned to grow rapidly. It is also well-positioned to continue growing its market share in the cybersecurity market. The company’s product covers both administrative exploitation and cybercrime, which has led to a large spike in recent years.
With this funding, SolCyber will expand its presence in broker networks and continue to evolve the features of its platform. The startup is aiming to help small and mid-sized businesses improve their cybersecurity posture. It also wants to build a community of cybersecurity professionals. Its streamlined security service platform offers an enterprise-grade security stack with customizable features for a small or mid-sized business.
The startup has recently secured a $20 million Series A round of funding led by ForgePoint Capital. The new capital will be used to improve the technology and open up new markets. The growth opportunity in the information security market makes SolCyber well-positioned to expand its workforce. The company currently employs 12 people and expects to hire 20 people by the end of the year.
It is backed by ForgePoint Capital
In May 2015, ForgePoint Capital, a leading venture capital firm, backed SolCyber, a cybersecurity company. The investment will help the company scale its business and fuel further platform enhancements. The company’s board includes former government officials and military personnel.
SolCyber is a managed security services provider. It recently announced a partnership with Converge, another ForgePoint Capital portfolio company. The partnership is intended to help midsize organizations improve their cybersecurity posture and decrease business risk. It will offer a streamlined application process, enhanced cyber insurance coverage, and significant premium savings.
Solcyber is backed by ForgesPoint Capital, which has the world’s largest cybersecurity venture capital fund. The firm has a diverse executive team and has raised more than $770 million in venture capital funds since its inception in 2015. Its Advisory Council includes over 75 senior industry executives and has invested more than $500M in 36 cybersecurity startups.
SolCyber has raised $20 million in a Series A financing round led by ForgePoint Capital. The company will use the funds to expand its technology offerings and expand its go-to-market efforts. It plans to double its staff within the next six months. The company’s founders believe this investment will help them continue to make significant progress with their mission. The money will also enable the company to expand its team and expand its presence in the mid-market.