💰The Funding Letter #1369: March 8

Defense Unicorns, Cayosoft, Reach Security, and more...

March 08, 2024

Happy Friday! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City. Have a great weekend!

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Source: @overheard_sales

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🌎 Americas

Defense Unicorns has developed an open-source and infrastructure-agnostic platform that provides continuous delivery for National Security systems, spanning cloud, on-prem, and edge environments in land, sea, air, and space domains. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $35M, Series A

Round Investors: Ansa Capital (lead), Sapphire Ventures (lead)

🚀Growth Focus: Enhance and expand its mission-focused capabilities.

HQ: Colorado Springs, CO

Industry: Software Development

Employee Count: 126 (⚡22% increase in last 6 months)

Reach Security offers security software that integrates with existing security systems to measure, manage, and improve enterprise security posture, allowing customers to gain insights and improve their overall security posture. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $20M, Series A

Round Investors: Ballistic Ventures (lead), Mark McLaughlin, Denise Persson, TechOperators

🚀Growth Focus: Scale its business and develop more AI security features, while following a disciplined spending approach.

HQ: San Francisco, CA

Industry: Computer and Network Security

Employee Count: 15 (⚡36% increase in last 6 months)

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