DefenseStorm, a leading cloud-based cybersecurity and cybercompliance management provider to regional and community banks and credit unions, announced today that it has raised $15M in a Series A financing round led by Georgian Partners. Justin LaFayette, Managing Partner at Georgian Partners, will join the DefenseStorm board of directors.
In addition to the investment, DefenseStorm will engage with the Georgian Impact team to accelerate the adoption of applied artificial intelligence and trust. The Georgian Impact team comprises of experienced technology practitioners with expertise in areas including deep learning, software engineering, natural language processing and privacy. DefenseStorm will leverage the expertise of the Georgian Impact team to further develop its current cybersecurity and cybercompliance capabilities of its GRID platform and TRAC services offerings. In addition, DefenseStorm plans to invest in the growth of the teams that sell, implement and support these offerings.
“DefenseStorm is growing rapidly, and our primary goal is not only to ensure that we take care of both our current and potential customers, but also that we invest in our employees and the innovation they continue to bring to the table,” said Harold Brewer, DefenseStorm CEO. “We are thrilled to have the support of the Georgian Impact team and look forward to a lasting partnership benefitting the entire cybersecurity community.”
“We are very excited to be partnering with DefenseStorm through this new investment and our R&D collaboration,” said Mads Mihailescu, Partner and Chief Technology Officer, Georgian Partners. “The combination of DefenseStorm’s deep domain expertise, and our own expertise in trust and artificial intelligence, has already identified a number of opportunities to further accelerate new product capabilities.”
DefenseStorm provides cybersecurity and cybercompliance solutions specifically built for banking to achieve and maintain Cyber Safety & Soundness. The DefenseStorm GRID™ is the only co-managed, cloud-based and compliance-automated solution of its kind, operating as a technology system and as a service supported by experts in FI security and compliance. It watches everything on a bank or credit union’s network and matches it to defined policies for real time, complete and proactive cyber exposure readiness, keeping security teams smart and executives accountable. FFIEC CAT and ACET requirements are built-in and automated, as can be other frameworks and an FI’s own policies, to achieve Active Compliance™. A Threat Ready Active Compliance (TRAC) Team™ augments a bank or credit union’s internal team to protect business continuity and skills availability while also ensuring cost-effective coverage and management. DefenseStorm is a NAFCU Services Preferred Partner for cloud-based cybersecurity. www.DefenseStorm.com
About Georgian Partners
Georgian Partners is a thesis-driven growth equity firm investing in business software companies leveraging applied artificial intelligence, trust and conversational AI. Founded by successful entrepreneurs and technology executives, Georgian Partners uses its global software expertise to directly impact the success of companies. For more information, visit georgianpartners.com or follow us on Twitter at @GeorgianPrtnrs.