# DefenseStorm

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/defensestorm

- Industry: IT Security/Cybersecurity
- Headquarters: Alpharetta, US
- Website: www.defensestorm.com
- Total disclosed funding: $59M
- Latest round: Series C (Apr 16, 2024)
- Investors on record: 6

## About

Founded in 2014 and based in Georgia, US, DefenseStorm, Inc. operates as a developer and provider of cloud-based cybersecurity management and compliance-automated solutions built for banking and financial institutions. In April 2024, DefenseStorm, Inc. raised USD 5.65 million in a series C round co-led by investors Georgian, Curql, and LiveOak Venture Partners, with participation from investor Btech Consortium. The firm, as of July 2024, is led by its CEO, Steve Soukup.

DefenseStorm integrates advanced AI-driven technology with security operations to deliver proactive cyber defense strategies. DefenseStorm GRID™ platform combines several key solutions including risk assessment capabilities to identify and manage emerging threats, governance programs that automate compliance adherence to industry standards and regulatory frameworks, real-time threat surveillance powered by machine learning to prioritize and mitigate security incidents, and fraud prevention systems that monitor and alert on suspicious activities across networks and banking platforms. Additionally, its solutions include management oversight and reporting, smart threat response, security expertise, big data, and community intelligence solutions.

The company plans to utilize the April 2024 funding to expand its market reach and improve research and development efforts.

## Funding rounds

- Series C, Apr 16, 2024, $5.7M — Georgian, Live Oak Bank, Curql, Btech Consortium
- Series C, May 27, 2022, $15M — FINTOP Capital
- Series B, Nov 5, 2021, $5M — Curql
- Series B, Nov 24, 2020, $12M — TTV Capital, Georgian
- Series A, Jul 15, 2019, $15M — Georgian
- Angel, Jul 14, 2016, $6M — TTV Capital

## Investors

- TTV Capital (https://capitalatlas.ai/funds/ttv-capital) — Angel, Series B
- Georgian — Series A, Series B, Series C
- Curql (https://capitalatlas.ai/funds/curql) — Series B, Series C
- FINTOP Capital (https://capitalatlas.ai/funds/fintop-capital) — Series C
- Live Oak Bank — Series C
- Btech Consortium (https://capitalatlas.ai/funds/btech-consortium) — Series C