This week, Directed Detection and Response (MDR) provider GoSecure confirmed it has secured $35 million in growth funding for Series E.
The cybersecurity company, launched in 2012 as CounterTack, has offices in Montreal, Quebec, and San Diego, California. During the COVID-19 pandemic, which pushed companies to turn to an increasingly mobile workforce, the firm has seen accelerated growth with 200 workers at the moment.
In the near future, courtesy of increased acceptance by mid-market organisations, the MDR market is projected to expand.
GoSecure says that by helping them to identify and prevent events in less than 15 minutes, the software can help organisations dramatically boost the way they defend themselves.
At the fastest pace in our history, GoSecure continues to acquire new clients. Customers see the importance of GoSecure MDR instantly and relax easily trusting that they are covered by the best staff, processes and technologies on the market, based on the detection and response platform we have built,” commented Neal Creighton, GoSecure CEO.
With guidance from Yaletown Partners, the investment round was led by W Investments Group, which led GoSecure’s initial Series E round in June 2020, when it announced it would raise $20 million. National Bank Financial Inc. helped GoSecure in arranging the funding.