Cybersecurity company AgileBlue has upsized its preferred funding round to $3 million and added New York-based Tribeca Early Stage Partners as an investor.
The Valley View, Ohio-based company late last year raised $2.25 million in preferred equity from a group of experienced technology and private-equity investors that included former partners of the Blackstone Group, Black Mountain Systems and Carlyle Group.
AgileBlue, one of Cleveland Inno’s Startups to Watch in 2022, works to help businesses protect their data from ransomware, phishing and other cyber threats that hit around the world every day.
Founded in 2020, the company says its subscription product is s a "security operations center as a service" and is built to detect cyber threats before a breach occurs, using automation and machine learning.
"Cybersecurity increases in importance for institutions on a daily basis, and AgileBlue is already helping dozens of clients manage this process,” John McEvoy, managing partner at Tribeca Early Stage Partners said in a statement. “Firms in financial services are at the forefront of cyber-attacks, and Tribeca ESP, with its deep network in FI, looks forward to helping AgileBlue address this market.”
”We are thrilled to add another distinguished group of experience investors and operators with Tribeca ESP. We work with several regulated industries that not only benefit from cybersecurity but truly need it to operate,” said AgileBlue co-founder and President Tony Pietrocola. “Financial firms are one of those industries.”
