MixMode Raises $45 Million in Series B Funding Round Led by PSG to Automate Cyberattack Detection
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<div class="feedwordpress-gaffer-full-text"> <div class="heateorSssClear"></div> <div class="heateorSssClear"></div> <p>MixMode is excited to announce that we have raised $45 million in a Series B funding round led by <a rel="noreferrer noopener" href="https://www.psgequity.com/" target="_blank">PSG</a> with participation from our existing investor <a href="https://www.entradaventures.com/" target="_blank" rel="noreferrer noopener">Entrada Ventures.</a></p> <p>“As successful cyberattacks have accelerated in both number and scale, there is a growing acceptance that legacy cybersecurity platforms are missing the majority of attacks. MixMode helps organizations understand and address the full scope of their risks as their data volume continues to expand,” said John Keister, CEO of MixMode. “We are fortunate to be working with PSG and we are aligned on the size of this opportunity. We are in the first inning of a transformation from rules-based security programs to true self-learning security programs.”</p> <blockquote class="wp-block-quote"> <p>“With the growing threat of cyberattacks posing critical risks to businesses, we feel MixMode’s predictive AI-driven software provides organizations of all sizes and industries with the ability to detect and defend against both known and unknown vulnerabilities,” said John Marquis, Managing Director at PSG. “We believe that MixMode’s ability to detect novel threats, reduce false positive alerts and drive more efficiency for security resources uniquely positions the company. We are excited to partner with the team and help them realize their plans for the future.”</p> </blockquote> <p>Thank you to all our employees, customers, investors, advisors and partners for enabling MixMode to continue to deliver AI-driven, self-learning solutions to detect cyberattacks in real time.</p> <p><strong><a rel="noreferrer noopener" href="https://www.businesswire.com/news/home/20220323005134/en/MixMode-Raises-45-Million-in-Series-B-Funding-Round-Led-by-PSG-to-Automate-Cyberattack-Detection" target="_blank">Full Press Release here</a></strong></p> </div><p class="syndicated-attribution">*** This is a Security Bloggers Network syndicated blog from <a href="https://mixmode.ai">MixMode</a> authored by <a href="https://securityboulevard.com/author/0/" title="Read other posts by Christian Wiens">Christian Wiens</a>. Read the original post at: <a href="https://mixmode.ai/blog/mixmode-raises-45-million-in-series-b-funding-round-led-by-psg-to-automate-cyberattack-detection/">https://mixmode.ai/blog/mixmode-raises-45-million-in-series-b-funding-round-led-by-psg-to-automate-cyberattack-detection/</a> </p>
