# SecureWorks

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

- Industry: IT Security/Cybersecurity
- Headquarters: Atlanta, US
- Website: www.secureworks.com
- Total disclosed funding: $62M
- Latest round: Series C (Jul 31, 2009)
- Investors on record: 9

## About

SecureWorks, Inc. is a US-based provider of cybersecurity solutions, specializing in Managed Detection and Response services to protect organizations against cyber threats.SecureWorks, Inc. offers cybersecurity solutions, focusing on Managed Detection and Response. Founded in 1999 and headquartered in Atlanta, US, the company was acquired by Dell Inc. for USD 650 mn in a deal that closed in February 2011. SecureWorks has engaged in 7 funding deals, with the most recent being an Add-on, Public to Private, Trade Sale in April 2016, raising a total of USD 112.00 mn, and receiving investment from Sophos Ltd. The founder's history includes founding other companies, although specific details about those companies are not available.SecureWorks provides a range of cybersecurity solutions, primarily through its Taegis platform, which includes Managed Detection and Response (MDR), automated vulnerability management, identity security, and network security services. These services are geared towards preventing, detecting, and responding to cyber threats across varied environments, including cloud systems and applications. The company's offerings cater to clients in diverse sectors like education, financial services, and manufacturing, predominantly in North America, Europe, and Asia-Pacific.In the fiscal year 2024, SecureWorks reported a revenue of USD 365.88 mn, with an EBITDA of USD -57.68 mn. The company operates on a subscription-based model, with clients engaging for annual or multi-year contracts that include 24/7 monitoring and incident response. This structured approach allows SecureWorks to maintain a steady revenue stream while providing essential cybersecurity tools to its clients.SecureWorks plans to leverage recent funding to enhance its product offerings and expand into new markets. While specific upcoming product releases have not been detailed, the company aims to strengthen its position in the cybersecurity landscape by targeting growing regions. The funding raised in 2016 will support these initiatives, enabling SecureWorks to advance its technology and broaden its client base, ensuring robust responses to evolving cyber threats.

## Funding rounds

- Series C, Jul 31, 2009, $32M — GE Capital, Equity, Great Hill Partners, Noro-Moseley Partners, Alliance Technology Ventures, Frontier Growth, SBK Capital, Navigation Capital Partners
- Series B, Nov 16, 2000, $20M — GE Capital, Equity, Noro-Moseley Partners, Alliance Technology Ventures, SBK Capital, ITC Holdings Corp., Mellon Ventures
- Series A, Feb 17, 2000, $10M — Noro-Moseley Partners, Alliance Technology Ventures, ITC Holdings Corp.

## Investors

- Noro-Moseley Partners (https://capitalatlas.ai/funds/noro-moseley-partners) — Series A, Series B, Series C
- Alliance Technology Ventures (https://capitalatlas.ai/funds/alliance-technology-ventures) — Series A, Series B, Series C
- ITC Holdings Corp. — Series A, Series B
- GE Capital, Equity (https://capitalatlas.ai/funds/ge-capital-equity) — Series B, Series C
- SBK Capital (https://capitalatlas.ai/funds/sbk-capital) — Series B, Series C
- Mellon Ventures (https://capitalatlas.ai/funds/mellon-ventures) — Series B
- Great Hill Partners (https://capitalatlas.ai/funds/great-hill-partners) — Series C
- Frontier Growth (https://capitalatlas.ai/funds/frontier-growth) — Series C
- Navigation Capital Partners (https://capitalatlas.ai/funds/navigation-capital-partners) — Series C