# Core Security Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/core-security-technologies

- Industry: Software
- Headquarters: Boston, US
- Website: www.coresecurity.com
- Total disclosed funding: $11M
- Latest round: Series D (Oct 9, 2008)
- Investors on record: 3

## About

Core Security Technologies is a cybersecurity firm focusing on threat prevention and identity governance, providing comprehensive solutions to protect organizations from cyber threats.Founded in 1996, Core Security Technologies operates out of Boston, US, specializing in cybersecurity solutions. The company was acquired in December 2015 by Courion Corporation, a portfolio company of various investors. The current CEOs are Gennaro De Pasquale and Steve Stephenson. The company has completed a total of 4 deals, with the most recent deal occurring on December 9, 2015, during which it raised USD 6.5 mn in its Series D funding round. The total amount raised by the company stands at USD 6.5 mn, and its current valuation is USD 57.022 mn.Core Security offers a diverse portfolio of cybersecurity products that includes Core Impact, a penetration testing software, and Cobalt Strike, a threat emulation tool. Their services focus on penetration testing, red teaming, and identity and access management, complemented by tools like Core Access, Core Compliance, and Core Privileged Access Manager. The company serves clients across sectors such as healthcare, financial services, and government, primarily in North America, Europe, and Asia.Core Security operates a subscription-based revenue model, predominantly serving businesses through B2B agreements. Clients enter into annual or multi-year contracts for access to their cybersecurity services, which include both one-time penetration testing and ongoing consulting. Key revenue drivers are their flagship products, Core Impact and Cobalt Strike, which aid clients in improving their security frameworks.Core Security intends to leverage its recent funding from the Series D round to enhance its product offerings and expand into new geographic markets. The company is focused on developing new cybersecurity products designed to address emerging threats, with anticipated launches planned for the upcoming year. Additionally, Core Security is targeting expansion in regions such as Asia-Pacific and Europe by 2023, aiming to tap into the growing demand for advanced cybersecurity solutions in these markets.

## Funding rounds

- Series D, Oct 9, 2008, $6.5M — Pegasus Tech Ventures, MSDW Venture Partners
- Series B, Apr 11, 2005, $4.5M — Morgan Stanley Expansion Capital

## Investors

- Morgan Stanley Expansion Capital (https://capitalatlas.ai/funds/morgan-stanley-expansion-capital) — Series B
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Series D
- MSDW Venture Partners (https://capitalatlas.ai/funds/msdw-venture-partners) — Series D