Field Effect, an Ottawa, Canada-based global cybersecurity company specializing in intelligence-grade protection for small and medium organizations, secured CAD 41 million ($30 million) in Series A funding.
Edison Partners led the round with participation from strategic partners.
Field Effect will be able to use these funds to accelerate its sales and marketing operations, with an emphasis on channel and brand elevation.
Furthermore, the funds will be used to assist product and service evolution, financial scaling, and the expansion of commercial operations, including e-commerce.
“This investment validates our vision of providing cybersecurity to all organizations, regardless of size or cybersecurity expertise. This will enable us to scale our mission of delivering insight into security posture and active protection from threats in an easy-to-consume interface that was created to eliminate the noise generated by most solutions,” said Matt Holland, co-founder, and CEO of Field Effect. “It was really exciting to find partners who share our vision with whom we can work on expanding our reach and accelerating our growth.”
Company: Field Effect Software Inc.
Round: Series A
Funding Month: October 2022
Lead Investors: Edison Partners
Company Website: https://fieldeffect.com/
Software Category: Cybersecurity solution
About the Company: Field Effect is a global cybersecurity company that is revolutionizing the industry by bringing advanced cybersecurity solutions and services to businesses of all sizes. The company’s threat detection, monitoring, training, and compliance products and services resulting from years of research and development by the brightest talents in the cybersecurity industry. Its complete Managed Detection and Response (MDR) solution, flexible simulation-based training platform, and expert-led professional services form a unified defense that results in superior security, less complexity, and immediate value. Field Effect builds sophisticated yet easy-to-use and manages solutions so every business owner can get the hands-free cybersecurity they expect and the sleep-filled nights they deserve. Its mission is to strengthen the IT security operations of businesses worldwide.