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Cybersecurity Funding

PlexTrac Raises $10 Million for Its Purple Teaming Platform

PlexTrac, a company that provides information security management solutions for security teams, last week announced closing a $10 million Series A funding round led by Noro-Moseley Partners and Madrona Venture Group, with participation from StageDotO Ventures.

PlexTrac, a company that provides information security management solutions for security teams, last week announced closing a $10 million Series A funding round led by Noro-Moseley Partners and Madrona Venture Group, with participation from StageDotO Ventures.

Founded in 2016, the Boise, Idaho-based company aims to bring red and blue teams together – in what is called purple teaming – allowing them to collaborate in real time on cyberattack simulations.

PlexTrac says it will use the latest funding to enhance its platform and continue building its team.

The company’s solutions enable security professionals to generate assessment reports, create questionnaires, and visualize security findings and their remediation statuses.

PlexTrac says its mission is to keep cybersecurity teams focused on growing assessment capabilities, automating reporting, and improving collaboration, through a platform that works as a central communication hub that can aggregate the components of an organization’s cybersecurity program.

“Security professionals in all types of organizations are faced with unprecedented threats, but how they work has not substantially changed. PlexTrac brings red and blue cybersecurity teams together in one workflow to build transparency and efficiency at remediating vulnerabilities and defending against increasingly sophisticated adversaries,” PlexTrac founder and CEO Dan DeCloss commented.

Related: Cloud Forensics Firm Cado Security Raises $10 Million in Series A Funding

Related: ID Verification Firm Veriff Lands $69 Million in Series B Funding

Related: Authentication Provider LoginID Raises $6 Million in Seed Funding

Related: Data Privacy Startup TripleBlind Raises $8.2 Million in Seed Funding

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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