SilverSky, a pioneering cybersecurity firm offering managed extended detection and response (MxDR) services, recently announced the completion of a funding round with its current investment partners.
The investment was spearheaded by SQN Venture Partners, accompanied by other longstanding shareholders. This financial infusion will support SilverSky’s strategic objectives for 2024, focusing on extending its market reach and enhancing service capabilities, particularly geared towards the mid-market sector.
SilverSky is renowned for its robust cybersecurity solutions tailored for medium-sized enterprises, equating their security needs with those faced by Fortune 500 companies. The company utilises state-of-the-art MxDR services facilitated by its Security Operations Centers (SOCs), which incorporate military-grade security protocols powered by cutting-edge technology. Over its 27 years of operation, SilverSky has become a staple in the cybersecurity industry, defending thousands of clients across highly regulated sectors.
The funds from this round will be allocated primarily to propel the company’s 2024 go-to-market strategy. This includes plans to introduce significant enhancements to its MxDR platform over the next year, which has already seen the addition of more than 200 new customer logos in 2023 due to its outcome-based, successful service delivery.
SilverSky CEO Richard Dobrow expressed enthusiasm about the ongoing investor support: “The market has recognized our ability to deliver successful, outcome-based solutions for our MxDR service as evidenced by our addition of over 200 new customer logos during 2023. We are excited to have such solid support from our investor base and look forward to announcing further enhancements to our market-leading MxDR platform in the coming year.”
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