Attack Detection Platform Cyber adAPT Completes $15M Series A Financing Round
HALF MOON BAY, Calif., May 11, 2016-- Cyber adAPT® announced today the successful closing of an additional $6.0 million Series A financing round with Black River Investments LLC. This funding completes an aggregate financing of $15M.
Following successful deployments with government and commercial sector customers over the last year, Cyber adAPT plans to use the proceeds from the financing to expand into core markets.
"This funding will accelerate our strategy to reinvent the attack detection space by rapidly advancing our product capabilities," said Kirsten Bay, President & CEO of Cyber adAPT. "The timing is key, enabling us to build on our market traction by providing the resources to speed up revenue growth."
With increasing citations by cyber security analysts, Cyber adAPT is pioneering a new approach to security, detecting toxic patterns of network behavior and identifying more genuine attacks before they cause harm.
Reuben Richards, Managing Partner of Black River Investments LLC, who will be joining Cyber adAPT's Board of Directors as Chairman said, "We believe Cyber adAPT is a leader in the detection and mobile security segments of the market, and we are delighted to partner closely with this outstanding leadership team. Further, we believe this capital will accelerate the company's move into more dynamic market segments given the inflexion point that security technology has reached. Cyber adAPT is in a unique position to provide the much needed product value to the enterprise consumer."
Following the exclusive secure device integration with Mobile Active Defense and the launch of forensic intelligence product 'Cyber adAPT PLUS' announced earlier this year, the company is attracting partners from around the globe, helping to build on an enviable client roster.
For more information on Cyber adAPT, visit cyberadapt.com.
About Cyber adAPT
Cyber adAPT® is the only security platform that monitors 100% of traffic inside mobile-enabled enterprise networks, instantly illuminating otherwise hidden, malicious threats that make it through perimeter defenses. Cyber adAPT technology protects digital assets and real world reputations, seamlessly extending perimeter defenses out to mobile and BYO devices -- without compromising network performance. www.cyberadapt.com
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