WASHINGTON, Oct. 4, 2022 /PRNewswire/ — Tidal Cyber, a pacesetter in threat-informed protection know-how, at the moment introduced the closing of a $4 million funding spherical led by Ultratech Capital Companions. The funding will probably be used to increase Tidal’s SaaS-based threat-informed protection platform and ramp up buyer acquisition.
The variety of cyber-attacks continues to develop annually, making it extra vital than ever for enterprises to undertake extra proactive cybersecurity measures. Menace-informed protection offers corporations a extra strategic technique of protection by specializing in the ways and strategies utilized by the adversaries most definitely to focus on them.
“As cyber-attacks turn into each extra frequent and extra damaging, it is clear {that a} extra proactive technique is required. We’re proud to be a part of the work Tidal is doing to assist organizations safe themselves extra successfully by implementing threat-informed protection,” mentioned Dale Davis, Principal at Ultratech.
The Tidal Platform is purpose-built to make implementing threat-informed protection easy and streamlined. The Tidal Neighborhood Version, the free-to-use base providing of the platform, was made usually obtainable at Black Hat USA in early August. It options enriched approach information from MITRE ATT&CK® and different open-source sources, in addition to the Tidal Product Registry™, a curated repository of vendor-supplied information mapped to particular adversary behaviors. The Tidal Neighborhood Version was named a High Cybersecurity Product Unveiled at Black Hat 2022 by CSO On-line.
“We’re extremely happy with the fast progress now we have made so far and are excited to realize this vital milestone,” mentioned Tidal co-founder and CEO Rick Gordon. “This capital will present us with assets we have to allow enterprises of all sizes to realize a threat-informed protection. We’re thrilled to be working with the Ultratech workforce and with an unimaginable group of skilled safety buyers on this vital mission.”
Along with Ultratech, new buyers taking part within the fundraising are Entry Enterprise Companions, TFX Capital, VIPC Virginia Enterprise Companions, Dreamit, and Adam Vincent. Current buyers taking part on this spherical embody First In™, BlueWing Ventures, SaaS Ventures, Riverbend Capital, Blu Enterprise Buyers, and StoneMill Ventures.
Future plans for the Tidal Platform embody an enterprise version with enhanced options together with reporting utilizing the Tidal Confidence Rating™, which is able to assist enterprises successfully consider and talk their cyber threat discount.
To remain updated on the of the most recent information surrounding Tidal Cyber, please go to www.tidalcyber.com.
About Tidal Cyber
Based in January 2022 by a workforce of risk intelligence veterans with expertise at MITRE, the U.S. Division of Homeland Safety, and a variety of revolutionary safety suppliers, Tidal Cyber allows companies to implement a threat-informed protection extra simply and effectively. The Tidal Platform helps our clients map the safety capabilities of their distinctive surroundings towards the trade’s most full knowledgebase of adversary ways and strategies, together with the MITRE ATT&CK® information base, further open-source risk intelligence sources, and a Tidal-curated registry of safety product capabilities mapped to particular adversary strategies. The result’s actionable perception to trace and enhance their defensive protection, gaps, and overlaps. For extra info, please go to: www.tidalcyber.com.
About Ultratech Capital Companions
Ultratech Capital Companions is a specialist investor in early to development stage know-how enterprises creating software program, techniques, and processes that clear up key generational challenges, are deemed important for long run nationwide safety and are extremely transferrable throughout a number of sectors. Ultratech invests the place an organization and its workforce display compelling funding components and may turn into pureplay enterprises of scale. Over the past 18 months Ultratech Capital Companions had deployed capital in ten early-stage corporations by means of its ‘Essential Know-how’ fund and made quite a lot of observe on investments.
