Solcyber 20m Forgepoint Capitalwiggersventurebeat, Security services provider SolCyber Managed Security Services Inc. launched today and announced that it had raised $20 million in funding. The Series A round came exclusively from Solcyber 20m Forgepoint Capitalwiggersventurebeat. It will remain used to expand its technology offerings, build market awareness. Drive customer progress and support an aggressive hiring strategy.
Billing itself as the first modern midsize MSSP, SolCyber offers a solution that allows establishments to prevent, monitor. And reply to cybersecurity threats with a single, organized, high-fidelity security approach.
The company offers a curated stack of enterprise security tools and services that are simplified, accessible, and affordable for any organization. SolCyber claims to “disrupt the status quo” by providing new managed security services. That help reduce cybersecurity risk, waste and complexity.
SolCyber, a Forgepoint company, is the first current MSSP to offer a curated stack of enterprise security tools and services that remain streamlined, accessible, and affordable for any organization. SolCyber is revolutionizing the status quo by providing new managed security services that help reduce cyber risk, waste and complexity. We believe in a safe environment for everyone.
About Forgepoint Capital – Solcyber 20m Forgepoint Capitalwiggersventurebeat
Forgepoint Capital is the leading cybersecurity venture capital fund investing in transformational companies protecting the digital world. The company is one of the most prolific investors in early-stage and growth-stage cybersecurity companies, with more than 40 global cybersecurity investments.
The team brings over eight decades of experience building businesses and creating value. Leveraging the largest network of experts and trusted clients in the cybersecurity industry to support entrepreneurs who build great companies. The company remains based in the San Francisco Bay Area and partners with leading cybersecurity entrepreneurs worldwide. solcyber 20m forgepoint capitalwiggersventurebeat
SolCyber is troublesome to the status quo by providing a new standard of achieved security services that work to decrease cyber risk, wastage and complexity. SolCyber, a Forgepoint company, is the first current MSSP to send a curated stack of initiative asset security tools and services. That remain streamlined, nearby and affordable for any organization. We trust in a secure environment for all.
Security-focused Tech Stack – Solcyber 20m Forgepoint Capitalwiggersventurebeat
Firstly, SolCyberoffers a technology stack that includes an endpoint with extensive detection and response capabilities, email security, Active Directory abuse protection, and administrator exploit prevention. Beyond that, clients benefit from services like security training and phishing training for employees and Security Operations Center capabilities to provide correlations, 365-day log retention, 24-hour monitoring, and more. And also solcyber 20m forgepoint capitalwiggersventurebeat
“Everything will come as part of the package in an easy-to-consume per-user pricing model…SolCyber takes a different approach to the space….” McCrady said. “A use case we often hear from customers is ‘What are the top 5 things I need to do to improve my security posture drastically?’ It is expressly true when it comes to getting cyber insurance.
However, Fundamental security must be in place. We meet this need by providing technology and services that rapidly increase your security and answer many of the cyber insurance companies’ questions regarding security controls implemented.
SolCyber, which has 12 employees, says it has “relatively limited revenue” at present. But the company plans to increase its workforce to 20 by the end of the year, seeking to address an information security market where spending remains expected to exceed $170.4 billion by 2022, according to Gartner analysts.
SolCyber Promotions Modern MSSP with $20 Million in Series A Funding Led by Forgepoint Capital
Firstly, SolCyber was launched today as the first modern MSSP for the middle market. Its unique, high-fidelity, curated security approach allows organizations to avoid, monitor, and respond to cybersecurity threats. The company also announced a $20 million Series A funding led by Forgepoint Capital. Led by a knowledgeable team of cybersecurity and channel specialists, SolCyber will use this investment to expand its technology offerings, build market awareness, drive customer growth and support an aggressive recruiting strategy.
The dramatic rise in cybersecurity and ransomware attacks, such as Colonial Pipeline and Kaseya Ravil, demonstrates that attackers do not discriminate based on the size of an organization. Hackers use the same advanced techniques regardless of the target. Making it extremely difficult for midsize businesses with limited resources and budgets to gain control. Unlike competing offerings, SolCyber immediately elevates an organization’s security posture to a level capable of combating advanced threats. And also solcyber 20m forgepoint capitalwiggersventurebeat
“We know it’s difficult for midsize businesses to stay secure and stable. There are thousands of security knowledge and hundreds of vendors. Determining how to build the correct security stack is difficult and time-consuming. With attacks becoming more sophisticated, we want to help simplify the challenge of protecting an organization,” said Scott McCrady, CEO. “We founded SolCyber to help businesses dramatically increase the likelihood of stopping attackers long before they wreak havoc.
Solcyber 20m forgepoint capitalwiggersventurebeat, offers a modern and secure MSSP for the middle market. Providing organizations with the technology and the cybersecurity expertise to increase their security posture in an incredibly easy-to-consume model dramatically. We are thrilled to spouse with Forgepoint and look forward to our next growth phase.”
Technology Stack with a Focus on Security
An endpoint with enhanced detection and response capabilities, secure email, Lively Directory abuse security, and administrative exploit protection are all part of Solcyber’s technology stack. In addition, users get services like security education and phishing education for staff, as well as the Security Role Center’s ability to develop correlations, maintain logs for an entire calendar year, monitor activity 24 hours a day, and much more.
McCrady said that sol Cyber was “taking a different approach to the… room”, adding that “this will all be part of the package in one easy-to-consume offering for every customer.” The question, “What are the top five things I need to do to improve my security posture significantly?” is an everyday use case we hear from customers. It is generally true, but it is particularly relevant when obtaining cyber insurance. Essential safeguards must be put in place immediately. We meet this need by providing the technology and solutions that rapidly increase your security and also answer questions that cyber insurance providers ask about the security measures in place.
The Solcyber 20m series, which employs 12 people, says it is taking in “fairly small amounts of money” at the moment. However, by the end of the year, the firm plans to expand its staff to 20 members to take over the information security market, where spending is expected to exceed $170.4 billion by 2022, according to Gartner experts. Like many other forms of protection, the pandemic has provided a tailwind for the cybersecurity industry. Due to cloud (and now remote) function capabilities, “enterprise barriers continue to dematerialize,” McCrady said. As a result, “reliable protection techniques and goods and services are needed that can keep businesses protected regardless of the new forms of networks and workplaces that develop as a result of the pandemic,” the author writes.
Organizations are keen to improve their security posture in today’s dynamic environment and pervasive threat landscape. Through decades of conversations with customers. SolCyber recognizes that businesses typically look for the top five things they can do to be more secure. However, navigating the current array of cybersecurity vendors is challenging to find the best-combined solution for your environment. Especially as attackers become more sophisticated.
However, SolCyber meets this challenge by providing security solutions in a high-value-added introductory offer. It offers a curated technology stack, including endpoint with EDR capabilities, lateral motion detection. Advanced email and active directory security, and administrative exploit prevention, all in one MSSP offering. And also SolCyber makes it easy for organizations to scale their security.
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