Bricata raises $8M Series A, plans hiring - Technical.ly Baltimore

Growth

Jul. 25, 2017 12:45 pm

Bricata raises $8M Series A, plans hiring

The Columbia-based cybersecurity company already has about a dozen enterprise clients, and is looking to scale.
Bricata wants to help keep more networks safe from cyberharm.

Bricata wants to help keep more networks safe from cyberharm.

(Information security concept by Ensuper via Shutterstock)

Updated to include info on the company's board of directors. (7/25/17, 2:20 p.m.)

Columbia-based cybersecurity startup Bricata closed an $8 million Series A round to continue growth.

The round was led by Princeton, N.J.-based Edison Partners, according to a company blog post.

The startup’s product looks for and detects potential threats inside a company’s firewall. It was built in part by commercializing open-source security engines Bro and Suricata.

“What the market should understand is that this is a growth round, which provides the capacity to scale our business even faster…Our product is already serving an established, but underappreciated market, and is deployed and working within about a dozen large and sophisticated enterprises,” the post states.

Bricata relocated to Maryland from Virginia in 2015. The company received funding through the InvestMaryland challenge, as well as a loan from Howard County. A new version of the product was released in May, and the company also integrated machine learning capabilities as part of a partnership with Cylance.

“With the number of cyber breaches growing exponentially, we’re excited to work closely with the Bricata team on their next phase of growth,” Lenard Marcus, a partner at Edison Partners who led the investment, said in a statement.

The company recently brought on cybersecurity executives Druce MacFarlane and Randy Fallis at the vice president level. As a result of the funding, the company will be able to “invest in and cultivate our engineering, sales and marketing talent,” CEO John Trauth said in a statement. The company has 20 employees, and is looking to hire to expand to 48 employees.

Bricata is also forming a board of directors with members that include Trauth, Marcus, former Sourcefire CEO John Becker, investor Ben Levitan and former Booz Allen Hamilton exec George Schu.

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