Fintech Security

All-in-one cybersecurity platform Defendify nets $3.35m

All-in-one cybersecurity platform Defendify nets $3.35m

All-in-one cybersecurity platform Defendify has raised $3.35m in a fresh funding round.

Existing investor Maine Venture Fund led the round, with commitments also coming from 3dot6 Ventures, York IE, Maine Technology Institute, FreshTracks Capital and Wasabi Ventures. Also joining the round were first-time backers Coastal Ventures and Opus Ventures.

This fresh capital will help the company accelerate its go-to-market strategies, bolster product development and expand its team.

Defendify offers a simple, affordable, flexible and scalable cybersecurity platform that aligns with regulatory, compliance, and cyber insurance needs. It claims to be a unique solution that offers a single pane of class and multiple layers of ongoing protection to continuously improve security posture across people, process and technology.

Over the course of the pandemic, Defendify added thousands of customers, expanded to over 60 countries and doubled the size of its team.

It also made multiple strategic additions to its team, including former Oracle CIO Mark Sunday as senior advisor, digital transformation and marketing leader Emily Carville as CMO, and SaaS business development expert John Mayfield as director of sales.

Defendify co-founder Rob Simopoulos said, “Defendify’s goal is to streamline cybersecurity and deliver return on investment. No organisation in today’s modern business landscape can afford to operate without necessary cybersecurity strategies and protections in place.

“Defendify provides peace of mind, ensuring that even organisations with small IT teams have access to robust, holistic cybersecurity. We’re thrilled that this new round of capital enables us to continue building our suite of solutions, increase exposure in the market, and grow our team to bring the Defendify platform to those who need it most.”

Earlier in the week, fellow cybersecurity platform SynSaber raised $13m for its Series A. The company offers asset and network monitoring that supplies continuous insight into the status, vulnerabilities and threats across every point in the ecosystem.

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