Cyphort Combats Cyber Attacks with $15.5M Series B
October 29, 2013
Cyber security startup Cyphort has closed on $15.5 million of Series B funding in an over-subscribed round led by new investor Trinity Ventures. Existing backers Foundation Capital and Matrix Capital, which contributed to the company’s previous round last year, also participated. The company reached a $23.3 million valuation last year when it raised $7 million in Series A financing.
Cyphort’s advanced threat monitoring and mitigation platform provides defense against current and emerging threats, targeted attacks and zero day vulnerabilities. The fresh funding will be used to accelerate delivery of the platform. As part of the transaction, Fred Wang, general partner of Trinity Ventures, will join the company’s Board of Directors.