# ReFirm Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/refirm-labs

- Industry: IT Security/Cybersecurity
- Headquarters: Fulton, US
- Website: www.refirmlabs.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Nov 15, 2017)
- Investors on record: 1

## About

ReFirm Labs, Inc. is a cybersecurity firm based in the US that specializes in securing Internet of Things (IoT) devices and industrial infrastructure through advanced threat detection and vulnerability management solutions.Founded in 2017 and headquartered in Fulton, US, ReFirm Labs, Inc. focuses on cybersecurity specifically for IoT and operational technology. The company is led by CEO Derick Naef and was founded by Peter Eacmen. In June 2021, Microsoft Corp. agreed to acquire ReFirm Labs, with financial terms undisclosed. ReFirm Labs has successfully completed 4 deals, with its latest round of funding in June 2021 raising USD 2.00 mn from investors including DataTribe, Maryland Technology Development Corporation, New Dominion Angels, and Tysons Angel Investors, resulting in a total amount raised of USD 2.00 mn.ReFirm Labs, Inc. provides Microsoft Defender for IoT, a cybersecurity solution designed for IoT and industrial infrastructure. This platform addresses the security needs of industrial control systems (ICS) by offering real-time asset discovery, vulnerability management, and cyberthreat protection. Key features include risk-prioritized security management and advanced threat detection using behavioral analytics and machine learning, supporting a diverse range of devices from enterprise IoT to critical OT components. The solution is included with Microsoft 365 E5 and E5 Security plans, targeting sectors like manufacturing, healthcare, energy, and automotive globally, with significant operations in North America, Europe, and Asia-Pacific.Revenue from Microsoft Defender for IoT is generated through subscription-based pricing models linked to Microsoft 365 E5 and E5 Security plans. Clients pay for access to the platform, which includes essential services like asset discovery and cyberthreat intelligence, allowing for effective cybersecurity posture management. This model accommodates organizations of all sizes and supports both direct sales to end-users and partnerships with other technology providers to enhance security offerings across various client segments.Looking ahead, ReFirm Labs plans to leverage its recent funding to support the upcoming launch of new products aimed at enhancing its cybersecurity services. The company is also focusing on expanding its footprint in new markets, particularly in Europe and Asia-Pacific, aiming for a strong presence by 2023. The funding raised in June 2021 will be instrumental in driving these initiatives forward, aligning with ReFirm's strategy to adapt to evolving cybersecurity challenges.

## Funding rounds

- Seed, Nov 15, 2017, $1.5M — DataTribe
- Seed, Mar 1, 2017 — DataTribe

## Investors

- DataTribe (https://capitalatlas.ai/funds/datatribe) — Seed