Posted July 23, 2019
Atlanta-headquartered cybersecurity startup DefenseStorm has secured a $15 million Series A round, led by Georgian Partners, to accelerate company growth. This brings DefenseStorm’s outside investment to $30 million total, according to Crunchbase.
DefenseStorm’s cloud-based software helps regional and community banks and credit unions protect themselves from cyberattacks and stay compliant with security regulations.
“Georgian Partners saw great potential in our vertically-focused, integrated offering for the banking space,” CEO Harold Brewer tells Hypepotamus. The Toronto-based Georgian Partners provides growth equity to later-stage SaaS companies.
Brewer says the funds will be allocated for hiring in sales, account management and product development. He projects that the company will grow from 43 employees to nearly 70 by year’s end.
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