Cybersecurity platform Defendify raises $3.35 million
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 that 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 its strong growth, adding thousands of customers, reaching more than 60 countries and doubling the size of its team.
During this period, Defendify has made several strategic additions to its team, welcoming former Oracle CIO Mark Sunday as Senior Advisor, Head of Digital Transformation and Marketing Emily Carville as CMO and SaaS business development expert John Mayfield as Director of Sales.
After winning over 30 awards in 2021, the company is touting having already won over a dozen awards so far this year, including from Cyber Defense Magazine and Fortress Cyber Security, and to rank among the top performers in six G2 Grid categories, including Momentum Leader and Highest User Adoption.
As Defendify continues its rapid growth, this additional $3.35 million in funding will be used to accelerate go-to-market strategies, product development and team expansion, according to the company.
“Defendify is building a robust, comprehensive cybersecurity platform that is suitable for small to medium businesses with limited IT resources,” said Joe Powers, Managing Director of Maine Venture Fund. “We are thrilled to be working with the team, and it is clear that Defendify management is well positioned to continue its impressive growth, including significant impact here in Maine and beyond.”
The Defendify platform offers growing businesses, typically those with small IT teams and less than 1,000 employees, a simple, affordable, flexible and scalable cybersecurity solution that aligns with regulatory needs, compliance and cyber insurance, the company says.
Defendify says its platform is unique because it features a single pane of glass and multiple layers of continuous protection to continuously improve the safety of people, processes and technology. It is also said to scale easily and avoid the headaches of multiple disparate single-point solutions, promoting 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 the 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 and holistic cybersecurity. We are excited that this new funding round allows us to continue to grow our suite of solutions, increase our market exposure, and grow our team to bring the Defendify platform to those who need it most.