Round of the Week – Synack

BinaryPeople(1)

A crowdsourced enterprise security firm raises an A round from top investors and our “C:V. favorite” Shape Security’s CEO? Talk about a guaranteed way to get featured as a Round of the Week on C:V.! NSA-led Synack has done just that with their $7.5M Series A this week to capitalize on the growing security needs of the Fortune 2000.

*Editor’s Note: If you are new to this site (Welcome, we hope you like it!) or unfamiliar with our infatuation about A) enterprise security or B) Shape Security please refer to the respective hyperlinks to get a taste…

Name: Synack

Website: www.synack.com

Funding to Date: $9M ($1.5M Seed, $7.5M A)

Deal Notables: While we are on record here at C:V. for being suckers for a large disruptive market with a strong management team (Synack has these in spades), we are intrigued by this business model as it can drastically reduce the costs for mid to large size businesses looking increase their security awareness. Needless to say, we look forward to following Synack in its life cycle.

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