A cybersecurity company received fresh funding after landing backing last year.
Cyber Defense Labs in Dallas raised USD 10 million this year with additional funding expected, according to Katy Montgomery, executive vice president for corporate affairs. That follows USD 10 million that it landed according to a filing this past August with the U.S. Securities and Exchange Commission.
The new backing will help with additional resources to invest in our targeted growth strategy, Montgomery said.
“It will enable us to continue increasing sales and marketing resources, expand our professional services and cyber managed security services, and grow our delivery and partner success operations,” Montgomery said.
The company is making the push as it offers services around security to clients. The lineup covers proactive services that aim to reduce risk along with managed options that help clients quickly identify and address cyber threats on demand. In addition, Cyber Defense Labs offers reactive services as companies respond to incidents.
“While Cyber Defense Labs is able to work with organisations of all sizes and across all sectors, we are most recently seeing increased engagement with larger enterprise organisations, including Fortune 100 companies,” Montgomery said.
The company has more than 50 employees with multiple offices. It’s planning to expand and open an additional location on the East Coast this year.
“The demand we are currently seeing across our engagements is for our core, seasoned expertise helping CEOs look holistically across their organisation for business risk associated with information security along with our high-end cyber managed security services and MDR (managed detection and response) solution,” Montgomery said.
