Guardz secures $18m Series A funding to bolster cybersecurity for SMEs

Guardz secures $18m Series A funding to bolster cybersecurity for SMEs

Guardz, a cybersecurity innovator known for its unique approach to protecting small businesses, has successfully raised $18 million in a Series A funding round.

The round was led by Glilot+, the early growth fund of Glilot Capital Partners, and saw participation from existing investors Hanaco Ventures, iAngels, and GKFF Ventures. They were joined by new investors ClearSky. This achievement comes on the heels of Guardz’s initial $10m seed funding, totaling their funding to date at $28m.

The company has carved a niche in optimising its comprehensive cybersecurity services for Managed Service Providers (MSPs). Within less than a year since its emergence from stealth mode, Guardz has shown remarkable growth. It has formed partnerships with numerous MSPs across the US and Europe, securing thousands of small businesses under their wing.

Small businesses, crucial to the US economy, are increasingly falling prey to cyber-attacks. With 43% of data breaches targeting them and a staggering $7bn in losses reported, the need for robust cybersecurity is evident. However, the complexity, cost, and cumbersome nature of traditional cybersecurity solutions often leave small businesses vulnerable. Guardz addresses this gap by providing MSPs with a user-friendly platform to manage and insure their small business clients against cyber threats.

The Guardz platform is a holistic solution that integrates threat detection, risk prevention, and remediation across various digital channels. Utilizing AI, it continuously monitors and analyzes a company’s cybersecurity risks, offering real-time preventative measures. Its multifaceted approach covers everything from business data and employee identities to cloud directories and web browsing, ensuring comprehensive protection. This inclusive security coverage also enables MSPs to offer cyber insurance to their clients, a previously challenging prospect due to inadequate cybersecurity controls.

Dor Eisner, CEO and Co-Founder of Guardz, expressed his vision, saying, “MSPs are at the forefront of protecting small businesses, which underpin the US economy, and we are on a mission to empower them to do so better and more efficiently.

“We are proud to enable our MSP partners to ensure not only small businesses’ cybersecurity posture, but also the longevity of their businesses. The time is now to double down on our successful go-to-market machine and equip even more MSPs to do so.”

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