Georgian Cybersecurity Firm Raises $15 Million In Fundraising Round

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Georgian Cybersecurity Firm Raises $15 Million In Fundraising Round

DefenseStorm—cybersecurity and cyber compliance company established in Georgia—recently announced that it has received a funding of $15 Million in series A fundraising round led by the capital market company, Georgian Partners. Both DefenseStorm team and Georgian Partners’ Georgian Impact team would mutually work to expedite the adoption of AI technology, stated by CEO Harold Brewer. He added that these collaborating efforts would influence its team to further formulate the company’s solutions suite and establish its engineering and sales team.

DefenseStorm firm was started in 2014 and had gathered investment of almost $15 Million excluding the most-recent investment in the fundraising round. The company delivers its cybersecurity services to the clients linked to the banking and finance sectors, as these are the two major sectors generally being targeted by cybercriminals. The company’s platform combines security information gathered from numerous sources and figures out glitches using AI, allowing IT experts to manage operations in real-time. Moreover, its cybersecurity experts’ team help to characterize things such as rules of connection, workflow, and allocation processes.

DefenseStorm is currently providing its services to Citizens National Bank of Texas, Washington Trust Bank, nCino, Peach State Canvas Credit Union, and Live Oak Bank, among others. At present, DefenseStorm headquarters are established in Atlanta and Seattle.

On a similar note, the globally recognized cybersecurity platform, McAfee, is supposedly looking for a comeback to the public market. The leading chipmaker Intel acquired McAfee in 2011. And now, the owners of McAfee—Intel, TPG Capital, and Thoma Bravo—have discussed with investors about their plan for an IPO, reported by The Wall Street Journal. The owners are expecting to file an IPO for the cybersecurity firm later this year.

Through the IPO, the value of the company could reach nearly $5 Billion with the expected raise of $1 Billion, according to a person familiar with this matter. However, there is no assurance that the company valuation would grow after the IPO.

Francis Sargent
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EDITOR-IN-CHIEF At Industry Research Reports

Francis Sargent has studied masters of business administration in marketing from one of the elite universities. At our portal, Francis manages the business-related blogs, newsletters, and opinion articles. Additionally, he works closely with the officials to capitalize on the services provided to patrons. He is connected with us from past 4 Years and focuses on the latest business deals, acquisitions, mergers of top forces across the globe. Earlier, Francis has spent several years in this industry, where he functioned to drive results across revenue management, process improvement, team management, and overall controls.

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