CIBC Innovation Banking provides growth capital to threatER, a leader in cyber defense technology, bolstering its capabilities to secure networks against sophisticated digital threats.
This financial backing will facilitate threatER’s ambitious scale-up efforts targeting medium-sized firms and large enterprises, particularly in sectors like financial services, healthcare, and legal.
At its core, threatER specializes in cybersecurity solutions that preemptively block malicious traffic from both entering and exiting a network while ensuring that legitimate traffic flows unhindered. Their technology focuses on real-time threat mitigation, enhancing overall network security while simultaneously boosting the efficiency of existing security frameworks.
The newly acquired funds are earmarked for enhancing threatER’s technological infrastructure and extending its cybersecurity services. The company aims to integrate its cutting-edge solutions more deeply into its clients’ security stacks, thus driving both network performance and security efficacy.
Further details reveal threatER’s global reach, with over 350 clients worldwide. The company leverages patented technology to provide robust network security that combines low latency with comprehensive data analytics.
Brian McMahon, CEO of threatER, said, “Our ability to swiftly complete this transaction reflects both investors’ confidence in our cyber-strategy as well as our proven ability to execute on our business plans. This additional financing will allow threatER to fully implement our expansive roadmap as we break through the profitability milestone.”
Ben Shephard, Executive Director at CIBC Innovation Banking, commented, “threatER has demonstrated in the market, through daily use, how their product adds value to their customers, protects customer operations, and provides a potent tool that IT departments can deploy to shield their infrastructure. We are excited to work with threatER and be a part of their mission.”
Recently, threatER was also recognized in the Inc. 5000 list of Fastest Growing Companies for 2024, further solidifying its status in the cybersecurity domain. Joyce Shen,
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