DefenseStorm, an Alpharetta, GA-based provider of cyber risk management solutions and co-managed services to financial institutions, raised an undisclosed amount in Series C-1 funding.
The round was led by a number of existing investor partners, including Georgian, Curql, and Live Oak Ventures, with participation from new investor the Btech Consortium Fund.
The company intends to use the funds to expand operations and development efforts.
LEd by CEO Steve Soukup, DefenseStorm provides an integrated platform of cyber risk assessment, governance, security, and fraud solutions that ensure financial institutions achieve and maintain cyber risk readiness. It offers a system specifically built for banking that accounts for all the daunting challenges, regulations, and technology requirements financial institutions face. Their data engine, GRID ACTIVE, ensures real-time access, analysis, and action on all critical threat data. Its Cyber Threat Surveillance Operations (CTS Ops) team provides access to managed resources 24x7x365, delivering the help and expertise needed by financial institutions.
Commenting on the news, Steve Soukup said: “Our integrated technology platform is purposefully “Built for Banking”, meaning it is designed to meet all the demanding requirements and regulations that are unique to banks. And our team of highly trained cyber experts provides the much-needed resources that many smaller banks can struggle to hire and retain. It’s a true partnership, ensuring community banks can effectively respond to the constantly evolving world of cyber threats.”
FinSMEs
02/05/2024