Security Experts:

MixMode Banks $45 Million in Series B Funding

Cyberattacks detection technology provider MixMode has announced the closing of a $45 million Series B funding round led by PSG, with participation from Entrada Ventures.

The Santa Barbara, California-based startup is selling a "self-learning platform" that promises to help organizations of all types identify and protect against even the most sophisticated cyberattacks.

According to MixMode, the technology can detect both known and novel assault techniques, to keep customers safe from a broad range of malicious threats, including ransomware and supply chain attacks.

The company said the new investment will help drive innovation in its artificial intelligence (AI) capabilities and expand sales operations and channel reach.

“As successful cyberattacks have accelerated in both number and scale, there is a growing acceptance that legacy cybersecurity platforms are missing the majority of attacks. MixMode helps organizations understand and address the full scope of their risks as their data volume continues to expand,” MixMode CEO John Keister said.

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