Binary Defense Raises $36 Million From Invictus Growth Partners To Propel Rapid Expansion As The Most Trusted Mdr Platform
Amount Raised
$36 Million
Round Type
Funding Round
ClevelandSoftwareCyber SecurityDescription
Binary Defense Systems, Inc., a leading Managed Detection and Response (“MDR”) and enterprise defense provider, announced that it closed a $36 million first institutional growth equity funding round led by Invictus Growth Partners (“Invictus”). Previously bootstrapped, Binary Defense was founded by David Kennedy and Mike Valentine and is trusted by hundreds of customers for their most critical cybersecurity needs. The capital will be used to accelerate sales and marketing, broaden the partner ecosystem, expand machine learning capabilities, and create a world-class Managed Open XDR offering.
Quick answer
Binary Defense raised $36 Million in a Funding Round round, dated November 2, 2022. Binary Defense is based in Cleveland, Ohio, United States.
- How much did Binary Defense raise?
- Binary Defense raised $36 Million in a Funding Round round on November 2, 2022.
- What does Binary Defense do?
- Binary Defense is a managed detection and response provider and software developer with a Managed Open XDR model covering endpoint, network, cloud, and other log sources to supply high-fidelity threat detections.
- Where is Binary Defense based and how big is it?
- Binary Defense is based in Cleveland, Ohio, United States. Fundz records about 173 employees.
- Who are the decision-makers at Binary Defense?
- Fundz holds 2 contacts at Binary Defense. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Cyber Security and Software around the same time
Companies in the same sectors as Binary Defense that raised within 45 days of this round, from Fundz verified event records.
Who to call at Binary Defense, and when
A new round usually means Binary Defense is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Binary Defense raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Binary Defense, from your own LinkedIn network
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Related People
Binary Defense raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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