Bricata provides enhanced data to better equip security teams to prevent or detect known threats, identify anomalies that could be threats, and have the capability to hunt for threats already hiding inside the network.
Columbia, MD (PRWEB)
July 25, 2017
Bricata, Inc., a developer of next-generation network intrusion detection and prevention solutions, today announced it has raised an $8 million dollar Series A round of growth capital led by Edison Partners. The funding follows a string of announcements including the newest version of the company’s solution and the addition of two veteran cybersecurity executives to the management team.
While a Series A round is typically aimed at efforts to bring a product idea to market, Bricata already has a mature solution. The company has earned an impressive roster of large enterprise customers, especially in the financial services market, and grew revenues in 2016 by 156% year-over-year. Bricata will use this round of funding to build out its go-to-market efforts and continue its investment in research and development.
“To date, our ability to develop and commercialize a product that is solving real and urgent cybersecurity problems at scale has been largely self-funded, but this injection of capital will mark a sizable turning point for the company,” said Bricata CEO John Trauth. “Edison Partners is helping to accelerate Bricata’s business plan. This will help more organizations stay ahead of cyber threats as part of a proactive and layered security posture.”
Bricata brings new innovation to a mature segment of the cybersecurity market, including advanced detection and threat hunting. It provides new perspectives capturing important context that enriches security alert data and provides a vastly…