End-to-end cybersecurity startup Converged Security Solutions has received an Tecum Capital Partners, for an undisclosed amount.
The firm has supplied the debt and equity to support Akoya Capital Partners, Hillcrest Holdings, and current management’s acquisition of Evolver and eVigilant. These are the two Virginia-based cybersecurity companies which have been merged to form Converged Security Solutions.
BMO Harris Bank provided the senior debt financing to the aid the deal.
Converged Security Solutions offers a comprehensive converged managed solution for both cyber and physical security. The end-to-end solution gives customers tools for assessment, remediation and monitoring of security around IT and critical infrastructure.
The company offers online system protection for networks and data, and also provides malware prevention, information assurance, penetration testing and incident response. Its physical security implementations include access control, ID management, video surveillance and motion detection.
Tecum managing partner Stephen Gurgovits Jr. said, “We are excited to partner with Akoya and Hillcrest to support CSS’ management team as they work to address the increasingly complex security needs of their clients.”
There have been a number of investments into the cybersecurity space over the past week. XM Cybera has just closed its Series A round on $22m, following investments from Macquarie Capital, Nasdaq Ventures, Our Innovation Fund and UST Global.
The company delivers an automated APT simulation platform to continuously expose attack vectors on all fronts from breach point to any organisational critical assets.
Other cybersecurity startups to close rounds this week include Cognigo, Dragos and 4iQ.
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