Hopr, a Columbia, MD-based leader in automated moving target defense security solutions for cloud assets, secured $500K in funding.
TEDCO (Maryland Technology Development Corporation) has invested an additional $300K, doubling down on their initial investment of $200K, which occurred last year.
The company intends to use the funds to accelerate its product-led go-to-market strategy, which includes listing its Automated Moving Target Defense (AMTD) solutions in cloud software marketplaces, supporting “free-forever”subscribers and improving the resiliency and reliability of company infrastructure.
Led by Tom McNamara, Founder and CEO, Hopr develops technology to secure workloads, APIs and data across all cloud environments. Its novel approach to AMTD prevents attacks from reaching API endpoints, employing its patented technology that is expected to become the future of cybersecurity. The company’s solution disrupts traditional approaches to certificates, keys, and secrets managers and ultimately end-to-end data encryption use cases by rotating workload credentials at a high frequency.
To further solidify its growing presence in the market, Hopr recently joined the Google for Startups Cloud Program, enabling the company to accelerate product development, perform efficient software testing in large-scale use and explore new multi-cloud features.
FinSMEs
25/05/2023