The CEO of Annapolis-based Netography said the company’s recent $45 million haul of Series A funding will “turbocharge” the Annapolis cybersecurity firm.
The company disclosed the fundraising haul Monday.
“It’s an exciting time at the company,” CEO Martin Roesch said. “It’s a real affirmation of the work we’ve done so far.”
Netography originally started in San Francisco, Roesch said, and the company relocated to Annapolis, where Roesch has lived since the mid-90s. In September, Roesch, joined the company as CEO and co-founder Barrett Lyon became the firm’s chief architect. Roesch said he is currently the only employee in Maryland. The firm’s 15 or so employees are working remotely, mostly along the East Coast, he said.
That will soon change.
“We’re staffing up and seek to open an office,” Roesch said, adding the company expects to “plant our flag” in Annapolis with its headquarters.
Netogprahy primarily does cybersecurity work for health care systems, universities, government agencies, big companies and banks. These organizations used to have buildings with workers sitting at desks in front of computers connected to a physical data center.
“That doesn’t really exist anymore,” he said.
Many folks are working remotely nowadays, Roesch said, and aside from a few remaining legacy data centers, most employees do their work in the cloud. That’s what he calls the “atomized network,” and it can be harder to know when cyberattacks happen there.
Roesch said Netography’s SaaS NDR enables organizations to detect and stop cyberattacks in the cloud — all without having to download software or hardware.
Netography’s funding announcement comes amid a record-breaking year of venture capital funding in Maryland. The companies in the state are expected to raise more than $2 billion in total VC funds in 2021, crushing 2020's record haul of $1.26 billion.
A press release from Netography said the new funding allowed the firm to hire Ben Holladay as chief revenue officer and Dan Ramaswami as vice president of field engineering.
