Managed detection and response platform GoSecure closes Series E

GoSecure, a managed detection and response platform, has secured $20m in its Series E round which will support its growth in North America.

The capital was supplied by Yaletown Partners, Bank of Montreal and previous backers SAP/NS2 and Razor’s Edge.

GoSecure originally launched in 2012 as CounterTack and has since improved its behaviour-based, predictive detection and response platform. Its team is now comprised of 200 employees spread across Montreal and San Diego.

The company’s CounterTack platform offers vector detection, prevention and response by applying behavioural analysis, memory forensics and machine learning. Customers can use the technology to identify continuously evolving malware and malicious insiders.

Over the past two years, the company claims its customer base has increased by 425%.

GoSecure claims the demand for managed detection and response is increasing rapidly, with 40% of mid-market organisations expected to implement the tools within the next five years.

Yaletown Partners partner Eric Bukovinsky said, “With the rapid changes coming from Digital Transformation, the future of work, and the Intelligent Industry, cybersecurity is a fundamental pillar of digital strategies. GoSecure’s solutions provide the capability and flexibility for both today’s distributed and evolving security perimeter and the dynamic future footprint of digital enterprises.”

National Bank Financial served as the placement agent for the deal.

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