Syncurity closes $2m seed round led by Maryland Technology

Cybersecurity solutions Syncurity has closed its $2m seed round which was led by the Maryland Technology Development Corporation (TEDCO).

The round was oversubscribed following additional investments from Kluz Ventures, through its fund The Next Impact, and SixThirty CYBER.

Alongside the close of the deal, the company has appointed former Zscaler CISO Michael Sutton to its board of directors to support the enhancement of the company’s security depth, technology and cloud expertise.

Syncurity’s IR-Flow platform can integrate with a company to help security teams to streamline incident management processes. Services provided by the solution include alert and incident handling, automation and orchestration, reporting, compliance and customer success monitoring.

The end-to-end platform helps to optimise analysts work, reduce times for detection, investigation and response, and give a real-time view of security operations.

From the equity injection, the company will look to bolster its IR-Flow platform and grow its technical and channel partnerships. In addition to this, Syncurity will look to accelerate its worldwide growth.

Kluz Ventures managing partner Artur Kluz said, “Syncurity’s patent-pending product architecture, analyst-driven interface and extensible system integrations were a natural choice for us to extend our cybersecurity portfolio into the fast-growing SOAR market.

“Syncurity’s ability to automate and orchestrate real-world incident response processes is quickly gaining traction with global enterprises and MSSPs/MDRs,” according to 630 Cyber General Partner, Jason Clarke.

Last week, The National Counterintelligence and Security Center launched a campaign to educate the private sector on rising cyber threats. Its goal is to support the private industry guard against rising threats from foreign intelligence entities and other adversaries.

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