BreachBits, an Annapolis, Maryland-based cybersecurity startup on a mission to keep organizations a step ahead of attackers, has secured seed funding.
SaaS Investors
The round was led by Blu Ventures.
Blu Venture is a venture capital firm that supports early-stage entrepreneurs in the Mid-Atlantic Region – Maryland, Virginia, Washington DC, and North Carolina. The firm invests in early-stage cybersecurity, healthtech, and B2B SaaS.
BreachBits Use of Funds
The company will use the funding to fuel growth initiatives, including expanding sales and customer success teams, adding platform integrations, and enhancing solutions for cyber insurance carriers.
About BreachBits
Founded by John Lundgren and J. Foster Davis, BreachBits is a company that developed digital cybersecurity software designed to identify cyber risks. The company's platform provides security for data from cyber-attacks which is adaptive, continuous, and indefatigable. The company launched its BreachRisk™ Platform in 2021. Its BreachRisk™ platform provides accurate cyber risk ratings, avoiding false positives prevalent in the market by verifying and testing threats for customers.
Funding Details
Company: BreachBits, Inc.
Raised: Undisclosed
Round: Seed Round
Funding Month: February 2024
Lead Investors: Blu Ventures
Additional Investors:
Company Website: https://www.breachbits.com/
Software Category: Cybersecurity
Source: https://www.businesswire.com/news/home/20240219611553/en