PlexTrac, a Boise, Idaho -based cybersecurity software company on a mission to empower teams to win the right cybersecurity battles, announced that it raised a $70 million Series B funding.

The round was led by New York-based global venture capital and private equity firm Insight Partners, with participation from existing investors Madrona Venture Group, Noro-Moseley Partners, and StageDotO Ventures. 

The new investment will be used to accelerate this trajectory by expanding market reach and increasing brand awareness while doubling headcount and propelling the product roadmap forward.  

Company: PlexTrac, Inc.

Raised: $70.0M

Round: Series B

Funding Month: February 2022

Lead Investors: Insight Partners

Additional Investors: Madrona Venture Group, Noro-Moseley Partners, and StageDotO Ventures

Company Website: https://plextrac.com/

Software Category: cybersecurity 

About the Company: PlexTrac, Inc. is a fast-growing cybersecurity software company driven by a mission to improve the security posture of organizations and security teams of all sizes. The PlexTrac solution is a software platform focused on streamlining the reporting and remediation of cybersecurity risks and aiding efficient collaboration within security teams. Supporting organizations using a purple teaming paradigm, PlexTrac serves as the central communication hub to aggregate all of the components of an organization’s cybersecurity program.

Source: https://plextrac.com/plextrac-raises-70m-series-b-funding-round-to-fuel-growth-in-proactive-cybersecurity-management/