UncommonX, a Chicago, IL-based SaaS-powered cybersecurity managed detection and response (MDR) provider, raised an additional $9.5m in funding to complete a $36m Series A financing round.
Backers included individual investors including current UncommonX Chairman Chris Galvin.
The company intends to use the funds to launch its new Labs division, continue to scale its incident response capabilities, 24/7 security operations center as well as marketing and sales operations.
Led by John Morris, CEO, UncommonX offers enterprise-class cybersecurity protection as a managed detection and response (MDR) provider by combining adaptive threat and intelligence software with 24/7 industry experts, making it easy to constantly both map and fix root causes of security vulnerabilities. Taking a market-first inside-out approach to ongoing digital security risks through unique curated threat feeds and automated analytics, the UncommonX BOSS intelligent security platform provides clear contextual awareness to yield accelerated outcomes to mitigate and guard against threats.
As a result of the funding, the company has launched a dedicated innovations division – UncommonX Labs – led by Founder and Chief Innovation Officer Ray Hicks. The new division allows for the development of new technology and techniques in cybersecurity protection as well as executing its IP protection program.
To date, UncommonX has 80+ security analysis inventions protected.
FinSMEs
14/12/2021