Defendify, a Portland-based cybersecurity software startup, recently closed a $3.35 million funding round.
The company said it will use the funding to accelerate go-to-market strategies, product development, and team expansion.
Defendify, which was a 2019 MSI Startup to Watch, has seen strong growth despite the pandemic with its cybersecurity platform for small- and medium-sized businesses. The company has added “thousands of customers” across 60 countries, as well as doubled its team size, according to its news release.
“Defendify’s goal is to streamline cybersecurity and deliver return on investment,” said Rob Simopoulos, co-founder of Defendify. “Defendify provides peace of mind, ensuring that even organizations with small IT teams have access to robust, holistic cybersecurity.”
Existing investor Maine Venture Fund (MVF) led the round with participation from current investors 3dot6 Ventures, York IE, Maine Technology Institute, FreshTracks Capital, and Wasabi Ventures, with new investment from Coastal Ventures and Opus Ventures.
“Defendify is building a robust and comprehensive cybersecurity platform that is a fit for small and midsized organizations with limited IT resources,” Joe Powers, managing director at Maine Venture Fund, said in a statement. “We’re excited to be working with the team, and it’s clear Defendify’s leadership is well positioned to continue their impressive growth, including significant impact here in Maine and beyond.”
The company previously raised $2 million in early 2021.
