ALPHARETTA, Ga. (July 15, 2019) – 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.”
About DefenseStorm
DefenseStorm provides an integrated platform of risk assessment, compliance, cybersecurity, and fraud solutions that ensure financial institutions achieve and maintain cyber risk readiness. The only system specifically built for banking, it accounts for all the daunting challenges, regulations, and technology requirements financial institutions face. Their intelligent data engine, GRID, ensures real-time access, analysis, and action on all critical threat data. The Threat Ready Active Compliance (TRAC) team enables access to co-managed resources 24x7x365, providing the help and expertise needed by financial institutions. www.defensestorm.com