Synack Garners $25,000,000 Series B Financing Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=97cfe384-21b9-4931-bee5-9382400e76c1 - Date
2/20/2015 - Company Name
Synack - Mailing Address
1600 Seaport Blvd. Redwood City, CA 94063 USA - Company Description
At the enterprise level, the critical issue of cybersecurity was being addressed in a variety of ways, none of them ideal. Internal teams could be effective, but costly to maintain and difficult to keep vibrant and evolving. Consulting firms provided an outsourced but often expensive option. And traditional crowdsourcing rarely delivered accountability or consistent quality. We saw a solution. - Website
http://www.synack.com - Transaction Type
Venture Equity - Transaction Amount
$25,000,000 - Transaction Round
Series B - Proceeds Purposes
The new funds will be used to continue Synack’s fast growth by expanding its exceptional internal security engineering team, as well as recruiting and certifying additional researchers who represent the best, brightest and most experienced security talent from across the globe — the Synack Red Team. The company will also utilize the funds to expand their R&D efforts and to further develop Synack’s state-of-the-art security platform that, when combined with their researchers’ human expertise, protects the enterprise against the rapidly-evolving security threat landscape. - M&A Terms
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