Cybersecurity platform Praetorian secures $10m in its Series A

Cybersecurity firm Praetorian has secured $10m in a Series A round and formed a strategic partnership with round investor McKinsey & Company.

The round was also backed by Bill Wood Ventures.

Global management consulting firm McKinsey has teamed up with Praetorian to help clients better solve their cybersecurity challenges and secure innovation. The firm selected Praetorian due to its client-first culture, brand reputation, organizational sophistication and technical talent diversity, it said.

Companies in the finance, technology, healthcare, energy, automotive and manufacturing industries use Praetorian to safeguard their operations. Its product suite includes security evaluations, continuous security for DevOps, automated security analysis, software maturity modelling, software composition analysis, incident response and more.

Praetorian founder and CEO Nathan Sportsman said, “Having achieved profitability and cash flow positive operations through eight years of bootstrapping, we had no intention of ever raising outside capital. We had to re-examine that thinking after being introduced to partners that brought value far beyond a capital injection and that were completely aligned with our vision, mission and values.”

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