Cyber defense platform Threatcare reels in $1.4m

Threatcare, a proactive cyber defense platform, has raised $1.4m in seed funding led by Moonshots Capital.

As part of the funding round, which also saw participation from Flyover Capital and Firebrand Ventures, Moonshots’ co founder Craig Cummings will join the board of directors. The new capital will be used for recruiting, product development and onboarding new customers.

Founded in 2014, and headquartered in Texas, Threatcare’s technology simplifies product evaluations, security controls monitoring, and training for security staff. Its flagship product, Violet, is a virtual cybersecurity professional which helps security teams, incident responders, and network forensic practitioners to reduce their attack surface by continuously monitoring their cybersecurity posture.

Founder and CEO Marcus Carey said, “Cyber threats are evolving faster than ever before. In order to protect their data and networks, companies today must think like the attacker and anticipate threats before they happen.

“As a company we are passionate about helping organizations secure more faster—by any means necessary. As a team we are building a company that attracts and maintains top talent. This new funding allows us to expand our incredible team to continue building out our vision.”

The company offers a range of cyber defense solutions to an array of sectors, including education, financial, energy, government, healthcare, payment services, and retail, ecommerce, among others. In terms of regulation, its solutions are used to help users company with CJIS, GDPR, GLBA, HIPAA, ISO, NERC, NIST, NYDFS, and SOX.

Earlier this week, KMPG snapped up cybersecurity assets from Cyberinc, while cybersecurity company AlgoSec collects $36m from private equity fund Claridge Israel.

Copyright © 2018 RegTech Analyst



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