Cybersecurity platform Defendify has closed its seed round on $2m as it looks to make strategic hires.
The round was led by previous Defendify backer 3dot6 Ventures, with participation also coming from York IE, Maine Technology Institute (MTI), Maine Venture Fund (MVF), FreshTracks Capital and Wasabi Ventures.
With the capital injection, Defendify is looking to expand its core product, invest in sales and marketing, and make strategic hires.
Over the past 18 months, the cybersecurity company has raised $3.6m in funding, doubled its team and added thousands of users to its platform.
Defendify provides small businesses and channel partners a cybersecurity solution which helps to continuously improve their security posture. The SaaS platform is flexible and scalable so a client can protect themselves from existing and evolving threats.
York IE CEO & Managing Partner Kyle York said, “Considering more than half of small businesses suffered a data breach in the last year, cybersecurity is no longer a nice-to-have, but a must-have for the millions of small businesses in the U.S.
“Defendify provides a holistic solution at a reasonable price point for SMBs—making cybersecurity accessible to all small businesses and not just large-scale enterprises.”
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