Cybersecurity company ReSec Technologies has closed its Series A round on $4m, as it looks to expand its operations globally.
The investment was led by Hong Kong-based venture firm QBN Capital, with contributions also coming from HDI Group, Disruptive Ventures and Pico Venture Partners.
Following the close of the round, the RegTech company is looking to double the size of its team to focus on expanding sales and marketing activities, as well as supporting research and development investment.
ReSec offers a zero-trust approach to every document that enters an organisation, to fully ensure no malicious threats are able to breach the system. The platform identifies file-based malware threats from email, removable devices and file-transfer threat vectors.
This investment comes after a period of strong growth for the RegTech solution, which has seen a number of key deployments over recent months. These new partnerships include Tech Data in the US, Intelligent Wave in Japan, Edvance Security in Hong Kong and GVM in Thailand.
QBN Capital senior vice president Philea Chim said, “ReSec’s solution overcomes the limitations of traditional and advanced-threat solutions alike and allows organizations to achieve a powerful balance between security and usability.
“We are extremely impressed with ReSec’s innovative solution and the value it brings to enterprises. We believe that the company is set up for rapid growth.”
Copyright © 2018 RegTech Analyst
