Fidelis Cybersecurity Raises Growth Capital to Accelerate Innovation of its Unified Security Platform and 24×7 MDR Service
Investment to fuel further innovation and product adoption of Fidelis’ automated detection and response platform across networks, endpoints, cloud and enterprise IoT environments, focused on insider threats, data loss prevention and deception
Fidelis Cybersecurity, a leading provider of Automated Detection and Response capabilities through its Fidelis Elevate® platform, today announced the completion of a $25 million funding round led by the company’s existing investors and following substantial bookings from the company’s second quarter, including 15 of the Fortune 500, 20 of the Forbes Global 2000 and 10 U.S. and Foreign Government Agencies. The funding will be used to extend the company’s strategic product innovation as well as support Fidelis’ rapid business growth through expansion of go-to-market initiatives and investment into its 24×7 Managed Detection and Response (MDR) service.
With advanced threats being designed to bypass preventive, perimeter-based defenses, more organizations are looking to shift to a defense strategy that prioritizes detection and response. Fidelis’ unified security platform, Fidelis Elevate®, delivers automated detection and response across networks, endpoints, cloud and enterprise IoT environments allowing organizations to ensure a stronger post-breach defense. Fidelis complements Fidelis Elevate® with its 24×7 MDR service, which arms customers with a team of highly-skilled security experts that leverage the company’s patented technology to analyze rich network and endpoint metadata, content, behavioral and asset characteristics to aid in hunting and investigations.
“Our investors recognize Fidelis’ strong value proposition and ability to execute in a dynamic marketplace,” said Nick Lantuh, President and CEO of Fidelis Cybersecurity. “We are making significant investments in innovation to accelerate how security operations and incident response teams react to, manage and hunt for threats. We are doing this by building on our market-leading network traffic analysis solution which provides organizations with full visibility across their attack surface. By combining our patented technology, unmatched expertise and curated intel from our threat research team, we provide customers with deep visibility across increasingly complex environments, more accurate detections and the capability to respond faster and more effectively to threats and data loss.”
Fidelis will utilize the funding to:
- Deliver additional product innovation and deeper integrations across the company’s unified security platform, Fidelis Elevate™, consisting of Fidelis Network®, Fidelis Endpoint® and Fidelis Deception®, which provide enhanced visibility, context and automation.
- Strengthen the company’s go-to-market capabilities by deepening coverage in existing territories and expanding into new select markets around the globe.
- Increase scale of its 24×7 MDR service, which uses the Fidelis Elevate® Platform to provide Endpoint Detection and Response (EDR), Network Traffic Analysis, Enterprise IoT visibility and Asset Discovery and Deception, enabling the identification, classification and protection of an organization’s digital assets.
Fidelis Cybersecurity combats the full spectrum of cyber-crime, data theft and espionage. A leading provider of threat detection, hunting and response solutions, Fidelis provides full visibility across hybrid environments, automates threat and data theft detection, empowers threat hunting, and optimizes incident response with context, speed and accuracy. Fidelis is trusted by Global 1000s and Governments as their last line of defense.
The Fidelis Elevate® platform captures rich metadata from across the threat landscape and combines that content to enable real-time and retrospective analysis, giving security teams the platform to effectively hunt for threats in their environment.
For more information go to www.fidelissecurity.com. Fidelis Cybersecurity is a portfolio company of Skyview Capital.