# Barkly Protects

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/barkly-protects

- Industry: IT Security/Cybersecurity
- Headquarters: Boston, US
- Website: www.barkly.com
- Total disclosed funding: $19M
- Latest round: Series A (Jan 18, 2017)
- Investors on record: 2

## About

Barkly Protects, Inc. is a cybersecurity firm dedicated to safeguarding organizations from cyber threats with advanced solutions, ensuring comprehensive protection across various digital environments.Founded in 2013 and headquartered in Boston, US, Barkly Protects, Inc. specializes in cybersecurity solutions. The company has completed a total of 3 deals, with its most recent funding round being a Series A amounting to USD 6.00 mn, raised on January 18, 2017, from New Enterprise Associates and other investors.Barkly Protects provides managed security services, including Extended Detection and Response (XDR), Managed Detection and Response (MDR), and Web Application Firewall (WAF) services. These solutions are designed to continuously monitor digital environments, enabling real-time detection and mitigation of security threats for clients across finance, healthcare, and technology sectors in North America, Europe, and Asia-Pacific.The company generates revenue through subscription-based models, allowing clients to access ongoing security services and expertise. Its core offerings, including XDR and MDR services, are billed on a recurring basis, ensuring predictable revenue streams tailored to various customer needs.Barkly Protects plans to utilize its recent Series A funding of USD 6.00 mn to enhance its service offerings and expand its market presence. The company is focused on launching new products designed to improve cybersecurity management by 2018. Additionally, Barkly is strategizing to enter new markets in Europe and Asia-Pacific by 2019, building on its existing client base and expertise.

## Funding rounds

- Series A, Jan 18, 2017, $6M — New Enterprise Associates
- Series A, Jun 24, 2015, $13M — New Enterprise Associates, Sigma Prime Ventures

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A
- Sigma Prime Ventures (https://capitalatlas.ai/funds/sigma-prime-ventures) — Series A