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Cybersecurity Funding

MDR Provider GoSecure Raises $35 Million

Managed Detection and Response (MDR) provider GoSecure this week announced that it has secured $35 million in Series E growth funding.

Managed Detection and Response (MDR) provider GoSecure this week announced that it has secured $35 million in Series E growth funding.

Launched in 2012 as CounterTack, the cybersecurity firm has headquarters in Montreal, Quebec, and San Diego, California. With 200 employees at the moment, the company has seen accelerated growth during the COVID-19 pandemic, which forced organizations to switch to an increasingly mobile workforce.

The MDR market is expected to grow in the foreseeable future, courtesy of increased adoption among mid-market organizations.

GoSecure claims that its platform can help organizations significantly improve the manner in which they protect themselves, by enabling them to detect and mitigate incidents in less than 15 minutes.

“GoSecure continues to add new customers at the highest rate in our history. Based on the detection and response platform we’ve built, customers see the value of GoSecure MDR immediately and rest comfortably knowing they are protected by the best people, processes, and technology in the market,” Neal Creighton, GoSecure CEO, commented.

The investment round was led by W Investments Group, with guidance from Yaletown Partners, which led GoSecure’s initial Series E round in June 2020, when it announced raising $20 million. GoSecure was aided by National Bank Financial Inc. in securing the financing.

Related: EclecticIQ Closes $24 Million Series C Funding Round

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Related: Banking Cybersecurity Provider DefenseStorm Raises $19 Million

Related: DevSecOps Company apiiro Emerges From Stealth With $35 Million in Funding

Related: Secure Access Provider Axis Security Raises $32 Million

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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