ForgePoint Capital is a venture firm that has been in the business for over ten years. The company is looking to hire 20 employees by the end of the year. They have a website that you can check out and read about the company Solcyber Forgepoint capitalwiggersventurebeat.
Solcyber Forgepoint capitalwiggersventurebeat
About the company
SolCyber is a managed security service provider (MSSP). The company markets itself as the first modern MSSP for the midmarket. It offers a curated collection of enterprise-grade security solutions and a secure operations center to help organizations prevent cybersecurity attacks Solcyber Forgepoint capitalwiggersventurebeat.
SolCyber plans to increase the number of employees in the coming year. This will allow the company to expand its technology offerings and improve its go-to-market efforts.
SolCyber is a managed security services provider (MSSP). The company claims to offer the market’s only curated security stack that provides endpoint protection, email security, security training, and automated fraud detection. They also offer a security operations center, which monitors cyberattacks around the clock.
According to a recent Accenture survey, 66% of small businesses have been impacted by a cyber breach in the last 12 months. Cybercrime costs businesses upwards of $10.5 trillion annually. Gartner estimates that the information security market will grow to $170 billion by 2022.
SolCyber is targeting the growing market for information security. The company aims to make an impact in the information security sector by increasing the number of customers and partners.
The company currently has twelve employees. The company’s primary customer is the Rizek Group, a large business group in the Dominican Republic. In addition to email security, the company offers other features, including Active Directory abuse prevention and a security features center.
SolCyber’s mission is to simplify complex systems and prevent cybersecurity attacks. Founded by ForgePoint Capital, the company is targeting the mid-market segment.
ForgePoint Capital is a leading investor in network safety. The company has a portfolio of more than 36 companies, including 1Kosmos, DeepSee, and Dependable Digital. It has also added ten new network safety organizations to its portfolio.
SolCyber plans to invest in research and development and develop new products. Its capital will also be used to extend its technology offerings and expand its customer acquisition. To that end, the company intends to double its staff to twenty by the end of the year.
SolCyber is targeting the mid-market segment and is poised for continued growth. With $20 million in funding, the company is set to enter the information security market.
About ForgePoint Capital
ForgePoint Capital is a spinout of Trident Capital. The company is dedicated to forging the next generation of cybersecurity companies. With more than three decades of experience, the organization has been instrumental in advancing the ecosystem. As part of their commitment to innovation, ForgePoint has announced a $450 million fund aptly named Fund II.
In addition to its traditional venture capital investments, ForgePoint has also forged alliances with industry leaders. To that end, the firm has partnered with notable names in the security space. These include Huntress, Qualys and AlienVault. Not to be left out, ForgePoint has its own suite of accelerator programs to assist in the development of emerging technologies and solutions.
The first is Symmetry Systems, which is best described as an end-to-end solution for the management and monitoring of data across both internal and external networks. A key component of the Symmetry Systems platform is its advanced data store, which is a smart way of protecting against malicious attacks and other types of intrusions. Its most recent funding round, a $15 million Series A, will help the company grow its customer base. Using this funding, Symmetry Systems intends to expand its product line and enhance its endpoint detection and response capabilities Solcyber Forgepoint capitalwiggersventurebeat.
ForgePoint Capital’s latest funding round includes the likes of Cinchy, a provider of data management services for enterprise customers. Cinchy, which has already been endorsed by the likes of IBM and Cisco, will use the aforementioned sums to scale its outreach and continue to invest in core technology. One of the biggest business organizations in the Dominican Republic, Rizek Group, has already signed on.
The biggest challenge for ForgePoint is figuring out where to find the next big thing in the cybersecurity space. That said, the company has a knack for finding the most innovative entrepreneurs, a skill honed over the years by its partners. While the company has a storied past in the field, it is now focused on investing in the next generation of cybersecurity solutions.
Its aptly named fund will be led by Alberto Yepez, a veteran of Silicon Valley’s famed incubator program, who has already been involved with the aforementioned unicorns.
Plans to expand its workforce to 20 members by the end of the year
SolCyber, a managed cybersecurity startup, announced the completion of a $20 million Series A funding round led by ForgePoint Capital. This funding will support the company’s aggressive personnel development and product expansion. In addition, it will be used to enhance its go-to-market efforts.
The startup provides cybersecurity services to businesses and consumers, including secure email and endpoint protection. It also offers security training for employees. The company has a curated technology stack of enterprise-grade security tools, which it delivers via its security operations center. They include endpoint protection, lateral movement detection, Active Directory abuse prevention, and email security.
As of now, SolCyber’s only client is the Dominican Republic’s Rizek Group, a large business group. Through the company, the company claims to have significantly improved its security posture around the organization’s endpoints, emails, and active directory services. However, the company plans to expand its workforce to 20 members by the end of the year, in order to better compete in the information security market.
SolCyber is a member of the ForgePoint incubator program, which provides an environment to help startups become successful in the marketplace. This program gives them access to resources that will enable them to grow, including a network of mentors and investors. These relationships can help them increase their exposure, build awareness, and expand their product offerings.
One of the biggest challenges in the cybersecurity industry is the high demand for workers. According to a survey conducted by Morphisecs, a U.S. cybersecurity firm, more than half of WFH personnel in the United States work from their own computers. This can create obstacles in the hiring process.
The ForgePoint funding round will allow SolCyber to expand their capabilities and increase their customer acquisition. While the company’s sales are limited at the moment, they expect to reach EUR30 million by 2020. They intend to continue to pursue the best customer experience possible. With its focus on security, SolCyber has a promising future in the cybersecurity industry.
The company claims to be disrupting the status quo, as it works to provide a comprehensive, scalable, and affordable solution. As a managed cybersecurity service provider, they aim to reduce complexity and protect organizations from Solcyber Forgepoint capitalwiggersventurebeat.