Digital+ Partners Leads Continuation Funding Round in Growing Automated Threat Analysis & Detection Provider, Closing its Series B Round at US $25 Million
Bochum, Germany – Dec 10, 2020 – VMRay, a provider of automated threat analysis and detection solutions, today announced that it has closed the second round of its Series B round of funding in the amount of US $15 million led by Digital+ Partners, one of the leading technology growth equity firms in Europe, and supplemented by eCAPITAL, a deep-tech venture capital firm with a focus on cybersecurity. The new round of funding represents the second closing of VMRay’s initial Series B round announced in September 2019, bringing the total amount raised to US $25 million. The company will use the new funding to further expand its sales and marketing operations worldwide, enhance its solution’s capabilities and integration with third-party cybersecurity systems and platforms, and expand its global channel program to new markets and geographies. Today’s announcement caps off a year of strong growth and continued momentum for VMRay which has, for the first time, established its presence in APAC and MEA.
“The malware epidemic continues to plague enterprise organizations, critical industries, and national economies around the world, fueling the need for innovative technologies that can help security teams detect and respond to the next wave of unknown threats with greater clarity and precision,” said Carsten Willems, co-founder and CEO for VMRay. “We are quite fortunate to have found a strategic investor in Digital+ Partners who not only shares our long-term vision but has also provided our team with the steady guidance and support that has been crucial in helping us successfully scale our business for this important and exciting next stag ..
Support the originator by clicking the read the rest link below.
