Tidal Cyber, a Washington D.C.-based threat-informed defense technology, announced that it closed a $4 million funding round led by Ultratech Capital Partners.
Access Venture Partners, TFX Capital, VIPC Virginia Venture Partners, Dreamit, and Adam Vincent, and existing investors including First In™, BlueWing Ventures, SaaS Ventures, Riverbend Capital, Blu Venture Investors, and StoneMill Ventures also participated in the round.
The funding will be used to expand Tidal's SaaS-based threat-informed defense platform and ramp up customer acquisition.
"We are incredibly proud of the rapid progress we have made to date and are excited to achieve this important milestone," said Tidal co-founder and CEO Rick Gordon. "This capital will provide us with the resources we need to enable enterprises of all sizes to achieve a threat-informed defense. We are thrilled to be working with the Ultratech team and with an incredible group of experienced security investors on this important mission."
The Tidal Platform is purpose-built to make implementing threat-informed defense simple and streamlined. The Tidal Community Edition, the platform's free-to-use base offering, was made available at Black Hat USA in early August. CSO Online named the Tidal Community Edition a Top Cybersecurity Product Unveiled at Black Hat 2022.
Plans for the Tidal Platform include an enterprise edition with enhanced features, including reporting using the Tidal Confidence Score™, which will help enterprises effectively evaluate and communicate their cyber risk reduction.
Company: Tidal Cyber Inc.
Raised: $4.0M
Round: Unknown
Funding Month: October 2022
Lead Investors: Ultratech Capital Partners
Additional Investors: Access Venture Partners, TFX Capital, VIPC Virginia Venture Partners, Dreamit, Adam Vincent, First In™, BlueWing Ventures, SaaS Ventures, Riverbend Capital, Blu Venture Investors, and StoneMill Ventures
Company Website: https://www.tidalcyber.com/
Software Category: Threat-Informed Defense
About the Company: Founded in January 2022 by a team of threat intelligence veterans with experience at MITRE, the U.S. Department of Homeland Security, and a wide range of innovative security providers, Tidal Cyber enables businesses to implement a threat-informed defense more easily and efficiently. The Tidal Platform helps customers map the security capabilities of their unique environment against the industry's most complete knowledgebase of adversary tactics and techniques, including the MITRE ATT&CK® knowledge base, additional open-source threat intelligence sources, and a Tidal-curated registry of security product capabilities mapped to specific adversary techniques. The result is an actionable insight to track and improve their defensive coverage, gaps, and overlaps.
Source: https://www.prnewswire.com/news-releases/tidal-cyber-closes-4m-funding-round-to-continue-making-threat-informed-defense-achievable-301640127.html