US-based CyberTech platform AaDya Security has raised $5m for its Series A round, which was led by New York-based Left Lane Capital.
Other investments came from 645 Ventures, Firebrand Ventures, Gaingels and Invest Detroit.
This capital injection will help AaDya fill a key leadership position in finance, as well as expand its sales team to help it accelerate the growth of its channel program for managed service providers, resellers and referral partners serving SMEs.
Alongside the Series A round, the company has announced a new board of directors. Its board includes a majority of experienced female cybersecurity executives.
AaDya’s flagship product Judy is an all-in-one cybersecurity solution that was designed for the needs of small and midsize business customers and the service providers that support them. The easy-to-use platform helps SME customers protect themselves from threats and comply with regulations related to data privacy and access.
It also helps managed service providers and managed security service providers looking to scale or streamline their security offerings by automating and streamlining security tasks and monitoring.
Left Lane Capital vice president Laura Sillman said, “The majority of small business owners lack the resources to protect their businesses against rising cyber security threats as they have been overlooked and underserved by existing offerings.
“This leaves tens of millions of small business owners vulnerable to phishing, malware, and ransomware attacks that can be catastrophic to operations. We are excited to partner with Raffaele & the AaDya team of industry veterans, who share our mission to empower SMBs against this growing existential risk.”
Last year, AaDya raised $3.1m in a funding round from Companyon Ventures, Gutbrain Ventures, PBJ Capital and Gaingels. It had raised the capital to grow its marketing, sales and product teams.
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