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