Critical Start, a provider of managed detection and response cybersecurity solutions, has scored $215m in strategic growth funding from Vista Equity Partners.
Critical Start’s MDR platform simplifies breach prevention by helping companies identify, assess and respond to cyber threats in real-time while analysing threat data to inform future responses.
According to Critical Start, its technology and security operation center analysts leverage a deep pool of behavioural data to automatically resolve over 99% of security alerts, reduce risk acceptance and improve team productivity.
The company claims it has experienced ‘rapid growth’ as enterprises cope with rising volumes of threats and a wide cybersecurity talent app, putting its services in high demand. The firm said it has grown ARR by more than 400% over the last three years and has diversified its channel network across 90 channel partners through its integrations with third-party cybersecurity software providers such as Microsoft and SentinelOne.
Critical Start will use the funding from Vista to further invest in its technology, product, and service offerings as well as expand its talented teams to meet the ‘massive market demand’.
Critical Start CEO and founder Rob Davis said, “Our goal at Critical Start is to be the most effective, easiest to consume, and quickest to deploy Managed Detection and Response service, and we believe this investment from Vista will help us continue to expand our differentiation in how we help protect our customers from cyber-attacks.
“For the past ten years, we have been laser focused on protecting our customers from the most sophisticated cyber threats by building a best-in-class technology platform and team. We are thrilled to partner with Vista given their team’s deep understanding of the enterprise technology and security landscape and the resources they can deliver to help us continue along our tremendous growth trajectory.”
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Copyright © 2018 RegTech Analyst
