Cloud-based cybersecurity and cybercompliance management platform DefenseStorm has collected $15m in its Series A round.
The investment was led by Georgian Partners, a venture firm focused on growth-stage, SaaS-based business software companies. In line with the deal, Georgian Partners managing partner Justin LaFayette has joined the DefenseStorm board of directors.
Alongside the investment, DefenseStorm will work with the Georgian Impact team to accelerate the adoption of applied AI solutions, it said.
The Georgian Impact team is made of experienced technology practitioners with expertise in areas such as deep learning, software engineering, natural language processing and privacy. DefenseStorm will leverage the Impact team to develop the capabilities of its technology.
Moving forward, DefenseStorm is looking to grow the size of its team.
The Atlanta-headquartered company built its cybersecurity technology specifically for the banking industry. Its threat-ready solution manages an institution’s total cyber exposure proactively, easing the oversight of security operations through real-time visibility and machine learning-assissted detection alerts.
DefenseStorm also offers a board-accountable cybercompliance service. The real-time policy and control engine help to ensure the business is fully compliant, and the board has full visibility to aid reporting needs.
DefenseStorm CEO Harold Brewer said, “DefenseStorm is growing rapidly, and our primary goal is not only to ensure that we take care of both our current and potential customers, but also that we invest in our employees and the innovation they continue to bring to the table.
“We are thrilled to have the support of the Georgian Impact team and look forward to a lasting partnership benefitting the entire cybersecurity community.”
Copyright © 2018 RegTech Analyst
