BreachRx Secures $6.5M Seed Funding

BreachRx Secures $6.5M Seed Funding

By Stefania Viscusi

BreachRx, a provider of intelligent incident response platforms for the enterprise, closed a $6.5 million seed round, led by SYN Ventures, with additional support from Overline. This milestone is also accompanied by strategic appointments, including former Uber CSO Joe Sullivan as senior advisor, former SAP CSO and SYN Ventures partner Tim McKnight joining the Board of Directors, and former RSA CEO and SYN Ventures managing partner Art Coviello as Board Observer.

BreachRx's offering introduces a new standard for operational resilience across organizations. By automatically generating customized incident response plans and offering targeted guidance to stakeholders throughout the incident lifecycle - bringing clarity during breaches which have always caused chaos.

“Most organizations approach incident response as a security problem. With eight cyber incidents a day, over 200 worldwide incident reporting regulations and intense public scrutiny, it’s clearly a business problem,” said Andy Lunsford, CEO and co-founder at BreachRx. “BreachRx modernizes incident response by empowering businesses to respond to breaches in a highly coordinated, efficient and compliant fashion, replacing the current paradigm of disparate teams responding from their own silos with their own tools. Simply put, BreachRx brings order to the chaos surrounding incident response.”

With privileged communication channels and audit trails it also ensures adherence to evolving compliance standards and proactively shields CISOs and executive leadership from personal liability.

Based in San Francisco, the company boasts over 70 clients including publicly traded companies and Fortune 500 giants and will use the infusion of capital to accelerate its expansion efforts.

“BreachRx is a perfect fit for the SYN portfolio,” said Tim McKnight, Partner at SYN Ventures. “Implementing BreachRx protects companies, shareholders and customers, while meeting the increasingly complex and quickly changing needs of regulators globally. We look forward to helping make BreachRx the new industry standard.”




Edited by Greg Tavarez
Get stories like this delivered straight to your inbox. [Free eNews Subscription]
SHARE THIS ARTICLE
Related Articles

ServiceNow Transforms the Employee Experience with Additions to Now Platform

By: Greg Tavarez    5/20/2024

ServiceNow announced the addition of new automation solutions to the Now Platform to transform the employee experience and simplify work across the en…

Read More

ICYMI: News Around the MSP Industry

By: Greg Tavarez    5/17/2024

Here are a few articles compiled into one for readers interested in developments around the MSP space.

Read More

Wildix UK and Ireland Shake Up Leadership for Growth and Innovation

By: Greg Tavarez    5/16/2024

Wildix announced a strategic leadership transition designed to propel the company's market growth.

Read More

Are Resellers Leaving Money on the Table?

By: Special Guest    5/16/2024

The expert and correct installation of network infrastructure and other components is crucial to every IT project's success, adding tangible value by …

Read More

Bitwarden's New Standalone App Makes Two-Factor Authentication Simple

By: Greg Tavarez    5/15/2024

Bitwarden recently launched a standalone app for two-factor authentication to protect online services and applications from unauthorized access.

Read More