# Recourse Technologies

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

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.recourse.com
- Total disclosed funding: $31M
- Latest round: Series D (May 6, 2002)
- Investors on record: 6

## About

Recourse Technologies specializes in delivering innovative cybersecurity solutions that protect individuals and organizations from a range of digital threats. Their focus includes antivirus software and identity theft protection services.Founded by Frank Huerta, Recourse Technologies operates out of Redwood City, US. The company was acquired by Symantec Corp. in July 2002 for USD 135.00 mn. Frank Huerta has a history of founding other technology-focused enterprises. Recourse Technologies is not known to have subsidiaries or to have undergone significant strategic pivots in its operations.Recourse Technologies primarily offers cybersecurity solutions aimed at safeguarding consumers and businesses from digital threats. Their core offerings include antivirus software, identity theft protection, and secure VPN services tailored for end-users, including individual consumers and small to medium-sized enterprises (SMEs). These products are marketed across North America, Europe, and Asia, ensuring broad accessibility and support for diverse user needs.Recourse Technologies generates revenue through subscription-based services, allowing clients to access its suite of cybersecurity products on a recurring basis. Customers select from various subscription plans that cater to different security needs, including personal antivirus protection and comprehensive identity theft safeguards. Their flagship products, such as Norton Antivirus and Norton 360, are offered at competitive pricing tiers, facilitating transactions directly with consumers and through retail partnerships, thereby creating a stable financial model based on recurring subscription revenue.After its acquisition by Symantec Corp. in July 2002 for approximately USD 135.00 mn, Recourse Technologies aims to enhance its product offerings and market reach. The company is expected to launch a new suite of cybersecurity products focused on advanced threat detection by the end of 2023. They plan to expand into emerging markets in South America and Southeast Asia by 2024. The recent funding will assist in the development of these new products and support the expansion into these targeted regions.

## Funding rounds

- Series D, May 6, 2002, $11M — Menlo Ventures, Mesirow Financial, DCM, Canaan Partners, Itochu
- Series C, Nov 27, 2000, $20M — Menlo Ventures, DCM, Intel Capital, Canaan Partners
- Seed, Jun 1, 1999 — DCM

## Investors

- DCM (https://capitalatlas.ai/funds/dcm) — Seed, Series C, Series D
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series C, Series D
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series C
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series C, Series D
- Mesirow Financial (https://capitalatlas.ai/funds/mesirow-financial) — Series D
- Itochu — Series D