Security-as-a-Service (SECaaS) Provider My Digital Shield Raises $500,000 in Seed Funding
Startup to deliver an affordable, enterprise-level security solution for IT channel providers and small business markets
WILMINGTON, Del., July 9, 2014-- My Digital Shield, a leading provider of Security-as-a-Service (SECaaS) for small businesses, today announced it has secured $500,000 in seed funding, led by a group of private investors, including Litera Investments.
My Digital Shield (MDS) was founded in 2013 to bring enterprise-level security technology to small businesses at an affordable price. The MDS solution provides easy-to-install, easy-to-configure, cloud-based security technology designed to eliminate the serious risks posed by hackers, cyber ransomers, and other dark Internet forces looking to bring down networks and steal precious and critical data. MDS also offers a certified channel partnership program to help value-added resellers (VARs), solution providers, and managed service providers (MSPs) strengthen their security offerings and expand their sales network for growth and profitability.
“This investment will allow us to expand MDS’ security offerings, build out our team, establish more reseller relationships, and grow our sales efforts,” said Andrew Bagrin, founder and chief executive officer of My Digital Shield. “Small businesses cannot afford in-house IT experts or the expensive Internet security solutions currently on the market and designed for the Global 2000. Our mission is to deliver much-needed protection against cyber threats and intrusion to business owners at an affordable and predictable price, helping them protect their brands and foster growth.”
“Seeing the opportunity that MDS has to service the small business market really caught our attention, as there is no existing security solution that is more cost effective or results driven,” said Marc Gerofsky, CEO at Litera Investments. “When we saw how significant the risk is for SMBs that are not protecting their data against cyber intrusion and the void that MDS fills in the market, we jumped on board.”
Unlike other cloud-based security solutions, MDS’ security product requires no start-up fees or long-term commitment from its customers. The price starts at $69 per month – making security a realistic component for start-up companies and small business operations. MDS is already experiencing substantial traction with direct-to-SMB sales and established reseller relationships with MSPs. To learn more, visit http://www.mydigitalshield.com. MDS’ current customers and users include small businesses across multiple industries, including retail, restaurants, hospitality, and professional services.
About My Digital Shield:
My Digital Shield (MDS) is a leading provider of Security-as-a-Service (SECaaS) that delivers enterprise-level security technology to small businesses. Based on industry-leading unified threat management (UTM) technology, MDS’ customizable cloud-based security solution offers continual protection against cyber threats and intrusion at an affordable price. With no bandwidth pollution, the SECaaS delivery model ensures that the latest virus definitions and threat updates are in use for continual threat assessment. Founded in 2013, MDS serves numerous managed service providers (MSPs) and small businesses in various industries including retail, restaurants, hospitality, and professional services. To learn more, visit http://www.mydigitalshield.com or follow on Twitter @MyDigitalShield.
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