SolCyber raised $20 Million in Series A Funding Introduces Modern MSSP

SolCyber raised $20 Million in Series A Funding Introduces Modern MSSP

SolCyber, introduced the new modern MSSP for the mid-market, enabling firms to prevent, monitor, and respond to cybersecurity attacks with its distinctive, innovative, curated and high-fidelity security strategy. ForgePoint Capital raised a $20 million Series A round of funding for the startup. SolCyber will use this capital to expand its technological solutions, create market awareness, drive client growth, and support an ambitious hiring strategy, led by an experienced team of cybersecurity and channel professionals.

Cybersecurity and ransomware cyberattacks like Colonial Pipeline and Kaseya REvil have shown that cybercriminals don’t discriminate depending on a company’s size. Attackers use the same advanced techniques regardless of the target, making it even more difficult for mid-market companies with limited resources and finances to maintain control. Unlike competing products, SolCyber improves a company’s security posture quickly, allowing it to tackle modern threats.

“We know it is hard for mid-sized organizations to stay secure. There are thousands of security technologies and hundreds of providers. Trying to figure out how to build the right security stack is tough and time consuming. With attacks being ever more sophisticated we want to help simplify the challenge of securing an organization. We founded SolCyber to help companies significantly increase the probability of stopping attackers well before they wreak havoc. SolCyber delivers a modern and secure MSSP for the mid-market, giving organizations not only the technology but the cybersecurity expertise to dramatically increase their security posture in an incredibly easy to consume model. We are thrilled to partner with ForgePoint and look forward to our next phase of growth,” stated Scott McCrady, CEO.

In today’s dynamic environment and pervasive threat landscape, companies are very  concerned about increasing their security posture. Through decades of conversations with customers, SolCyber recognizes that companies typically look for the top five things they can do to be more secure. However, it’s extremely difficult to navigate today’s array of cybersecurity vendors for the best combined solution for their environment, especially as attackers are becoming more sophisticated. SolCyber responds to this problem by offering security solutions as part of a high-value fundamental product. It offers an MSSP offering that includes a curated technology stack with endpoints having EDR capabilities, lateral movement detection, enhanced email security, active directory and admin exploitation protection. SolCyber makes it simple for businesses to grow their security.

Don Dixon, Managing Director, ForgePoint Capital said, “We are dedicated to investing in companies that protect the digital future. Over the years we’ve spoken with hundreds of cybersecurity companies and end users. And one thing remains the same, cybersecurity for the mid-market is confusing and expensive, and today’s MSSPs are not addressing these issues. This presents a huge opportunity for SolCyber. SolCyber, which was incubated at ForgePoint, is a user-friendly, cloud based MSSP that delivers powerful cybersecurity solutions which keep companies and their employees safe from malicious activity. We are thrilled to partner with Scott McCrady, David Emerson and the entire SolCyber team as they launch the next phase of the company’s growth.”