PlexTrac lands $70M to automate mundane tasks for security teams
With growing pressures and a shortage of talent, most security teams are trying to do more with less.. This mismatch between supply and demand for cybersecurity professionals means that many companies are focusing mainly on playing defense — and putting less emphasis on proactive activities such as penetration testing, red/blue/purple teaming, and threat hunting.
The result, DeCloss told VentureBeat, is that companies expand their proactive security assessments — and thus improve their security posture. “Rather than just ad hoc assessments, or point-in-time assessments that are once a year, we’re helping people do this on a continuous basis,” he said.
Boise-based startup PlexTrac announced it has raised a $70 million series B funding round to further develop its proactive security management platform and expand its growth in the market. The round was led by Insight Partners, with additional backing from Madrona Venture Group, Noro-Moseley Partners, and StageDotO Ventures.
Read the whole press release here: