Cybersecurity and consulting service Foresite has received an undisclosed amount of funding from Elsewhere Partners.
The capital infusion is the first external source of funding for Foresite. As part of the deal, Elsewhere operating advisor Rita Selvaggi will join the company’s board of directors.
Moving forward from the equity round, the company will look to accelerate its growth, boost marketing and sales efforts, increase product enhancement and its geographical presence.
Founded in 2013, the company offers managed cybersecurity, consulting and compliance services for the financial, insurance, legal, healthcare and education industries. Some of the offerings of Foresite include security monitoring and alerting, threat intelligence, security device management, incident response, and patch management, among others.
To help companies meet their compliance responsibilities, it offers customised solutions and advice. Clients can access security testing and assessments to identify and patch any vulnerabilities within their data security systems. Threats posed by employees can also be mitigated, with the platform able to identify pain points and resolve risks.
In addition to this, the company offers PCI compliance tools to resolve card data collection and storage practices, and HIPAA compliance services to ensure data collection and storage policies meet the standards.
Elsewhere Partners founder Chris Pacitti said, “we are excited about the future of Foresite and are confident their state-of-the-art software platform and seasoned management team, in conjunction with the growing cybersecurity demand in the mid-market, will enable Foresite to grow significantly in the short-term and help keep their customers safe.”
Earlier this week, fellow cybersecurity startup Salt Security pulled in $10m to support it with the development of its AI-based API protection platform.
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