MixMode, a Santa Barbara, CA-based leading provider of self-learning solutions to detect cyber-attacks in real-time, announced today that it raised $45 million in a Series B funding.
The round was led by PSG, a leading growth equity firm partnering with middle-market software and technology-enabled services companies to help accelerate their growth, with participation from existing investor Entrada Ventures.
The company plans to use the new funding to further expand its AI capabilities, build out its sales footprint, and grow its channel reach.
Company: MixMode, Inc.
Raised: $45.0M
Round: Series B
Funding Month: March 2022
Lead Investors: PSG
Additional Investors: Entrada Ventures
Company Website: https://mixmode.ai/
Software Category: Autonomous cybersecurity powered by self-learning AI
About the Company: MixMode is a next-generation cloud-native threat and anomaly detection platform for high-volume data feeds that utilizes self-learning AI to identify advanced threats in any environment. MixMode can detect the full spectrum of known threats unknown and never-before-seen threats like zero-day attacks. The MixMode platform is the first cybersecurity platform to leverage Third Wave AI (as defined by DARPA), utilizing an advanced self-supervised learning model to surface both known and novel attacks, misconfigurations, and other vulnerabilities. MixMode is used across many industries and addresses the needs of customers for various use cases, including NTA, UEBA, NDR, and/or SIEM. The company is headquartered in Santa Barbara, CA.
Source: https://www.businesswire.com/news/home/20220323005134/en/MixMode-Raises-45-Million-in-Series-B-Funding-Round-Led-by-PSG-to-Automate-Cyberattack-Detection