Reach Security, a Sunnyvale, CA-based cybersecurity platform, raised $20 million in Series A funding.
SaaS Investors
The round was led by Ballistic Ventures, with backing from Artisanal Ventures, Mark McLaughlin, former CEO of Palo Alto Networks, Denise Persson of Snowflake, and others.
Ballistic Ventures is a venture capital firm dedicated exclusively to funding and incubating entrepreneurs and innovations in cybersecurity.
Barmak Meftah, Co-founder and General Partner of Ballistic Ventures, will join the Board of Directors as part of the firm's investment.
About Reach Security
Founded in 2021 by Garrett Hamilton and Colt Blackmore, Reach Security is a cybersecuirty startup that delivers AI purpose-built to reprogram an organization's security infrastructure based on who they are and how they're being attacked. With a focus on optimizing what teams already own rather than adding complexity with new tools, Reach is committed to simplifying cybersecurity, reducing operational costs, and enhancing protection against evolving threats.
Funding Details
Company: Reach Security, Inc.
Raised: $20.0M
Round: Series A
Funding Month: February 2024
Lead Investors: Ballistic Ventures
Additional Investors: Artisanal Ventures, Mark McLaughlin, and Denise Persson
Company Website: https://reach.security/
Software Category: Cybersecurity
Source: https://www.prnewswire.com/news-releases/reach-security-raises-20m-for-ai-that-transforms-how-companies-use-their-cybersecurity-products-302083084.html