DefenseStorm, which changed its name from Praesidio in June, brought on a new CEO to expand beyond the finance industry.
Seattle cybersecurity startup DefenseStorm, previously known as Praesidio, has raised nearly $6 million for its technology that protects banks from hacking attempts.
The startup changed its name from Praesidio, which means “protection” in Latin, to the more recognizable DefenseStorm in June. Near the same time, it brought on new CEO Sean Feeney, a cloud technology veteran who was previously CEO at GT Nexus.
DefenseStorm creates technology that helps banks and other financial institutions identify potential vulnerabilities in their systems to prevent attacks and catch breaches early. The company said its latest funding round would be used, in part, to expand into industries beyond finance.
Cyberattacks have become more common and sophisticated, and high-profile attacks such as those against Target and Home Depot have thrust cybersecurity issues into the public eye. DefenseStorm’s technology monitors a company’s systems and alerts them to any out-of-the-ordinary behavior.
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DefenseStorm was created by Isilon and RealNetworks veteran Edgardo Nazario in 2014. Nazario stepped into the chief product role when Feeney joined the company.
The startup’s latest funding round, which brings it to nearly $10 million in total funding, came from existing investors and new investors, including Atlanta-based TTV Capital.
The company has established a second office in Feeney’s home of Atlanta.