An 11-year-old software company that helps businesses prepare and deal with a crisis—from tornados to cyber attacks—just raised $41 million.
Fusion Risk Management announced the new funding Tuesday in a round that was led by New York-based Catalyst Investors, who joined existing investor Level Equity. The company said the funding will go toward product development, customer service, sales and marketing.
Fusion helps large companies plan for and respond to emergencies through a software platform that creates plans for companies to follow when disaster strikes. The Rolling Meadows-based company has grown quickly in recent years, having gone from 18 employees to more than 70 in two and a half years.
“Our company is experiencing tremendous growth in revenues, customers, employees and facilities. This investment provides us with the resources to continue to capitalize on the growing market awareness of the value and need for state-of-the-art operational risk and business resilience management software,” David Nolan, CEO and founder of Fusion Risk Management, said in a statement.
Founded in 2006, Fusion has raised over $50 million to date. The company counts around 160 Fortune 500 companies among its clients, including Walgreens and TransUnion, according to Crain's.
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