MixMode, which has built self-learning solutions that detect cyberattacks in real time, has bagged $45m for its Series B round.
PSG, a growth equity firm aimed at mid-market technology-enabled services, served as the lead backer. Entrada Ventures, an existing backer of MixMode, also participated in the round.
This equity burst will help MixMode expand its AI capabilities, deepen its sales footprint and grow its channel reach.
The CyberTech company provides enterprises and agencies with a self-learning solution that can uncover advanced cyberattacks. Its automated technology can uncover known and novel attacks, and can be deployed to public cloud and on-premise corporate environments.
Its services include anomaly detection, network traffic analytics, zero-day attack identification, SIEM and forensic investigation.
PSG managing director John Marquis said, “With the growing threat of cyberattacks posing critical risks to businesses, we feel MixMode’s predictive AI-driven software provides organizations of all sizes and industries with the ability to detect and defend against both known and unknown vulnerabilities.
“We believe that MixMode’s ability to detect novel threats, reduce false positive alerts and drive more efficiency for security resources uniquely positions the company. We are excited to partner with the team and help them realize their plans for the future.”
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