AUSTIN, Texas--(BUSINESS WIRE) -- Feb 13, 2020 -- Praetorian, a cybersecurity company on a mission to make the world safer and more secure, today announced a $10M Series A round of funding. The investors include Bill Wood Ventures and McKinsey & Company.
In conjunction with the investment, Praetorian and McKinsey have entered into a strategic partnership to help clients solve complex cybersecurity challenges and secure innovation. McKinsey selected Praetorian for investment due to its client-first culture, strong brand reputation, organizational sophistication and technical talent density.
“Having achieved profitability and cash flow positive operations through eight years of bootstrapping, we had no intention of ever raising outside capital. We had to reexamine that thinking after being introduced to partners that brought value far beyond a capital injection and that were completely aligned with our vision, mission and values,” said Praetorian Founder and CEO Nathan Sportsman. “Investors that are not constrained by the mechanics of a traditional fund give Praetorian the flexibility to take a long-term view that aligns client and shareholder interests and that nurtures the experimentation cycles of innovation. Bill Wood and McKinsey share our conviction that there are no shortcuts to building an enduring institution with the client at the center.”
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