BreachRx Closes $6.5 Million in Seed Round
BreachRx, a San Francisco, CA-based company provider of an incident response solution tailored for the entire enterprise, has closed $6.5 million in seed funding.
The round was led by SYN Ventures with participation from Overline.
SYN Ventures is a venture capital firm that invests in disruptive, transformational solutions that reduce technology risk. Founded in 2021 and based in West Palm Beach, Florida, the firm prefers to invest in global cybersecurity companies.
Alongside the funding, the company unveils key appointments, including former Uber CSO Joe Sullivan as Senior Advisor, former SAP CSO, and SYN Ventures Partner Tim McKnight to the Board of Directors, and former RSA CEO and SYN Ventures Managing Partner Art Coviello as Board Observer.
The company intends to utilize the new funding to scale its go-to-market and engineering teams.
BreachRx provides operational resilience for the entire enterprise with patented technology that automatically generates tailored incident response plans and provides targeted guidance to relevant stakeholders through every step of the process. Integrated privileged communication channels and audit trails ensure compliance with rapidly evolving standards, while proactively protecting CISOs and executive leadership from personal liability. BreachRx currently has more than 70 customers, including publicly traded and Fortune 500 companies.
Funding Details
Company: BreachRx, Inc.
Raised: $6.5M
Round: Seed Round
Funding Month: April 2024
Lead Investors: SYN Ventures
Additional Investors: Overline
Company Website: https://www.breachrx.com/
Software Category: Incident Response and Management