Raxis rakes in equity investment as it plans US expansion

Cybersecurity company Raxis has closed an undisclosed investment from RCP Equity, marking its first external capital injection.

With the new funds, the company will look to scale its enterprise customer sales and operations across the US and launch a new recurring MSP service.

Founded in 2011, the Atlanta-based startup provides security penetration testing and ongoing security assessment services by leveraging data from real-world attacks to better identify exploitable vulnerabilities in a system.

Businesses within financial services, retail and aviation leverage Raxis for penetration testing, breach response, social engineering, secure code review and baseline security assessment.

Raxis CEO Mark Puckett said, “Over the last nine years, Raxis has been able to carefully cultivate our team to align to our offensive security penetration approach.

“Taking the time to find the right professional talent, to refine our delivery process, and to execute proactively in ways that empower our customers has created a foundation from which we are ready to expand, and we are thrilled to have RCP Equity be part of this journey.”

As part of the deal, RCP Equity partners Joel Smith and Kevin Hatch will join the Raxis board of directors.

This is the second cybersecurity investment to come from RCP Equity this year. The firm recently injected $3m into Curricula, a startup helping educate employees on cybersecurity and staying safe online.

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