附近上门

San Francisco-based cybersecurity provider officially emerged from stealth with a $35 million Series B to help small and medium-sized businesses be more secure.

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The new round was led by , with participation from and . Founded in 2015, the company has raised a total of $60 million.

While Redacted has been in 鈥渟tealth鈥� since its founding, it has accumulated a customer list of dozens of SMBs that helped it develop the platform. The company felt the time was right to enter the market as more SMBs are making the transition to the cloud and need help to remain secure from attacks and threats, said co-founder and CEO .

鈥淲e decided to do this round to help us come out of stealth and scale the company,鈥� he said. 鈥淧eople are moving to the cloud 鈥� many of them are doing it piecemeal. All they鈥檙e doing then is creating more attack surface.鈥�

The big market of SMBs

Redacted鈥檚 platform offers advanced threat intelligence and response capabilities, giving SMBs security and monitoring services many do not have the resources to do themselves. While the company targets the SMB market, the definition of SMBs can vary. Kelly said his company typically looks at companies with $50 million to $1.5 billion in sales.

The 55-person company will use the money to attack what it sees as a wide-open market. While large players like and have offerings in which they can basically become a company’s security team, those platforms are often geared toward enterprises, Kelly said. There also are managed security service providers looking to sell to the SMB market, but do not offer the higher level of product and services Redacted can, he added.

鈥淲e look for markets where we see white space,鈥� said , founder and managing general partner at TenEleven Ventures. 鈥淚t鈥檚 a large market with old technology.

鈥淲hat the SMB market needs is a complete solution brought to them, and at a reasonable price point,鈥� he said.

Kelly 鈥� who has served as chief security officer at and before that worked at the and 鈥� said he sees the market coming to the company. He has never believed security can stop all breaches, something the market did not want to hear five years ago. Now the market is understanding attacks will occur and how you respond is what matters.

鈥淲orking to prevent聽 breaches is impossible,鈥� he said. 鈥淲orking to stop the damage done from breaches is what we can do.鈥�

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