Cybersecurity Platform Defendify Raises $3.35M
Defendify says the additional funding will be used to accelerate go-to-market strategies, product development and team expansion.
PORTLAND, Maine — Defendify, an all-in-one cybersecurity platform for organizations of all sizes, announces it has closed a $3.35 million funding round.
Existing investor Maine Venture Fund (MVF) led the round with participation from current investors 3dot6 Ventures, York IE, Maine Technology Institute (MTI), FreshTracks Capital, and Wasabi Ventures, with new investment from Coastal Ventures and Opus Ventures.
Despite the pandemic, Defendify says it has continued strong growth, adding thousands of customers, reaching over 60 countries and doubling its team size.
In that time, Defendify has made several strategic additions to its team, welcoming former Oracle CIO Mark Sunday as senior advisor, digital transformation and marketing leader Emily Carville as CMO, and SaaS business development expert John Mayfield as director of sales.
After garnering over 30 awards in 2021, the company touts it has already earned over a dozen awards to date this year, including from Cyber Defense Magazine and Fortress Cyber Security, and ranking as High Performer in six G2 Grid categories, including Momentum Leader and Highest User Adoption.
As Defendify continues its rapid growth, this $3.35 million in additional funding will be used to accelerate go-to-market strategies, product development and team expansion, according to the company.
“Defendify is building a robust and comprehensive cybersecurity platform that is a fit for small and midsized organizations with limited IT resources,” says Joe Powers, managing director at Maine Venture Fund. “We’re excited to be working with the team, and it’s clear Defendify’s leadership is well positioned to continue their impressive growth, including significant impact here in Maine and beyond.”
The Defendify platform offers growing businesses, usually those with small IT teams and under 1,000 employees, a cybersecurity solution that’s simple, affordable, flexible and scalable and aligns with regulatory, compliance, and cyber insurance needs, the company says.
Defendify says that its platform is unique because it features a single pane of glass and multiple layers of ongoing protection to continuously improve security posture across people, process and technology. It is also said to scale easily and avoid the headaches of multiple disparate single-point solutions, driving technology consolidation, operational efficiency and return on investment.
“Defendify’s goal is to streamline cybersecurity and deliver return on investment. No organization in today’s modern business landscape can afford to operate without necessary cybersecurity strategies and protections in place,” says Rob Simopoulos, co-founder of Defendify. “Defendify provides peace of mind, ensuring that even organizations with small IT teams have access to robust, holistic cybersecurity. We’re thrilled that this new round of capital enables us to continue building our suite of solutions, increase exposure in the market, and grow our team to bring the Defendify platform to those who need it most.”
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