# BitArmor Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitarmor-systems

- Industry: Software
- Headquarters: Pittsburgh, US
- Website: www.trustwave.com
- Total disclosed funding: $5M
- Latest round: Series B (Apr 20, 2009)
- Investors on record: 1

## About

BitArmor Systems specializes in managed detection and response (MDR) services aimed at enhancing cybersecurity for businesses. The company delivers solutions for proactive threat detection and incident response, ensuring robust protection against cyber threats.BitArmor Systems, founded in 2003 in Pittsburgh, US, operates as a subsidiary of Trustwave. The company was involved in a significant acquisition in January 2010, when Trustwave acquired BitArmor Systems. The founder's history is not specified, nor are any previous companies mentioned. BitArmor Systems has completed a total of 3 deals, with its latest funding round being Series B, raising USD 5.00 mn from Magarac Venture Partners, which brings the total amount raised to USD 5.00 mn.Trustwave provides managed detection and response (MDR) services designed to improve cybersecurity for a range of sectors. Their offerings include 24/7 threat detection, incident response support, and comprehensive security operations. The services assist clients in optimizing their investments in Security Information and Event Management (SIEM) technologies, addressing alert fatigue, and protecting against a variety of cyber threats. Trustwave serves clients including enterprises and small to medium-sized businesses across North America, Europe, and Asia-Pacific, utilizing advanced threat intelligence and a global team of security professionals to deliver tailored solutions.Trustwave operates on a subscription-based revenue model that reflects the ongoing nature of cybersecurity services. Clients enter long-term contracts for managed services with tiered pricing that caters to different service levels. This structure allows for a continuous flow of services, including regular security assessments and threat intelligence, which are critical for organizations facing growing cyber threats. The subscription model fosters strong client relationships and generates recurring revenue streams through essential cybersecurity offerings.Trustwave plans to expand its market reach by exploring opportunities in various geographic regions, although specific markets have not been disclosed. The company is also likely to launch new products aimed at enhancing its service offerings. Recent funding from the Series B round will support these strategic initiatives, although details on specific products or timelines for market expansion have not been provided.

## Funding rounds

- Series B, Apr 20, 2009, $5M — Magarac Venture Partners

## Investors

- Magarac Venture Partners (https://capitalatlas.ai/funds/magarac-venture-partners) — Series B