Metabase Q, a trailblazing all-encompassing cybersecurity solution catering primarily to multi-national corporations within Latin America, shared news of its recent financial achievements.
The company has successfully secured $3m in its Series A funding round. This funding event was led by its existing investor, SYN Ventures, and saw participation from other existing backers such as GBM and John Watters, who previously held positions as President and COO at Mandiant.
Specialising in safeguarding multi-national corporations operating within Latin America, Metabase Q has rolled out its Batuta platform (translated as ‘Baton’ in English and inspired by the conductor’s tool in orchestras). This platform offers a range of modules that streamline the entire cybersecurity workflow. These range from swift deployment initiatives to real-time inventory management, extensive vulnerability assessments, AI-powered insights, and prompt incident responses.
Metabase Q, through the recently raised funds, aims to strengthen and expand its capital-efficient operations. Their objective is to redefine the methodologies modern enterprises adopt to manage, gauge, and advance their cybersecurity endeavours.
The company’s traction is evident, with an impressive 403% quarter-over-quarter surge in new bookings, underscoring Metabase Q’s innovative approach as the cybersecurity industry’s future trajectory.
Metabase Q CEO Mauricio Benavides remarked, “The demand for Metabase Q’s platform is evident in customer validation and an impressive 403% quarter-over-quarter growth in new bookings, demonstrating that Metabase Q’s approach to cybersecurity is the future of the industry. This is particularly true for businesses in the Latin American market—an underserved area given the influx of digital transformation and thus cyber risks present.”
Further, Jay Leek, General Partner at SYN Ventures, commented, “In a world inundated with cybersecurity technologies, Metabase Q stands apart. Their mission isn’t just about creating another tool; it’s about enabling every company globally to build a modern cybersecurity program.
“Their approach has been transformative to the Latin American market to date and is exactly the forward-thinking approach we believe will redefine industry standards.”
Before this Series A round, Metabase Q had garnered funds bringing their total capital raised to $8m. This total is notably efficient, considering the firm’s size and its robust growth metrics.
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global