Portland, ME, June 19, 2019 - Defendify, an all-in-one, SaaS-delivered cybersecurity platform developer, announced today $1.6 million in pre-seed funding. Led by private investors with participation from Maine Technology Institute (MTI) and early stage cybersecurity industry investor 3dot6 Ventures.
Defendify is using proceeds from the round to expand its core product, while increasing partner acquisition given the strong demand from a rapidly growing community of cybersecurity channel partners.
The Defendify platform offers channel partners a competitive cybersecurity solution that’s simple, affordable, flexible, and scalable for their diverse small business customer base. Unlike any other product on the market, Defendify features multiple layers of ongoing protection to continuously improve security posture in a fast-changing threat landscape. As small businesses grow and threats continue to evolve, Defendify scales easily to provide continuous protection.
“SMBs are under immense pressure to find cybersecurity solutions that help meet regulatory needs and satisfy requirements coming from their customers,” said Jonathan Dambrot, Investment Partner at 3dot6 Ventures. “Finding a way to do that holistically and at a reasonable price point has been very challenging, until now. Defendify solves a critical problem in a massive market that is largely ignored.”
Regulatory, insurance, and third-party vendor cybersecurity assessments are beginning to play into the daily lives of SMBs. Yet, cybersecurity remains difficult for them to embrace, according to Hiscox Cyber Readiness Report 2019, over half of small businesses in the U.S. said they’ve experienced some kind of cyberattack within the past 12 months. SMBs are turning to trusted partners and resources for help.
“The channel brings expertise, dedication and cost-savings to SMBs, but this only works if the cybersecurity solution is easy enough to manage. That’s why we remain committed to the Defendify platform, which is comprehensive enough that our channel partners don’t need to build a technology stack, simple enough that they can onboard their customers in minutes and cost-effective enough that they have a competitive advantage,” said Rob Simopoulos, Co-Founder of Defendify. “This round of funding allows us to scale Defendify and we look forward to continuing to partner with the channel and investors to transform cybersecurity for small businesses.”
About Defendify:
Defendify is an all-in-one, SaaS-delivered cybersecurity platform designed specifically for small businesses. Defendify partners with channel resellers to offer a holistic solution in the most simplified product with a single goal: to help secure small businesses from existing and evolving threats. The team works tirelessly to make cybersecurity simple and easy for channel providers and small businesses alike. For media inquiries: media@defendify.io
About The Maine Technology Institute:
The Maine Technology Institute is a publicly financed, private, nonprofit organization created by the Legislature in 1999 to stimulate research and development activity leading to the commercialization of new products, processes and services in the state’s seven targeted technology sectors. MTI programs are either loans, equity investments, or grants designed to enhance the competitive position of those sectors and increase the likelihood that one or more of these sectors will support clusters of industrial activity and create quality jobs across Maine.
About 3dot6 Ventures:
3dot6 Ventures is a boutique investment firm dedicated to bridging the financing gap between Seed and Series rounds for early-stage, SaaS-enabled cybersecurity startups. The 3dot6 founders are entrepreneurs and industry leaders in information security and cybersecurity. This unique background allows 3dot6 to provide operational experience, as well as capital to emerging cybersecurity companies. The firm offers industry knowledge, startup expertise and operational resources to lay a strong foundation that will ensure scalability and rapid growth for each portfolio company partnership.
View original release here: https://www.defendify.co/cybersecurity-blog/2019/6/19/cybersecurity-startup-defendify-pre-seed-funding