# TrapX Security

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

- Industry: IT Security/Cybersecurity
- Headquarters: San Jose, US
- Website: www.trapx.com
- Total disclosed funding: $37M
- Latest round: Series C (Jul 1, 2019)
- Investors on record: 6

## About

TrapX Security, Inc. specializes in cybersecurity solutions, providing advanced deception technology to protect enterprises from evolving cyber threats.Founded in 2012 and headquartered in San Jose, US, TrapX Security, Inc. focuses on cybersecurity through innovative deception strategies. The company was acquired by Commvault Systems, Inc. in February 2022 for USD 20 mn. Ori Bach serves as the CEO.TrapX Security delivers cybersecurity products through its advanced deception technology, which helps organizations detect and respond to cyber threats effectively. Their solutions cater to various sectors, including finance, healthcare, and government, enhancing data security across enterprise and cloud environments.The company operates on a subscription-based revenue model, allowing clients to access TrapX's cybersecurity offerings through tailored agreements. Revenue is supported by partnerships with key security providers, facilitating market reach and services.TrapX Security plans to expand its product line with new cybersecurity solutions, leveraging its recent acquisition by Commvault to enhance its technology. The company aims to penetrate new markets in Europe and Asia-Pacific by 2023, utilizing the USD 20 mn from the acquisition to support these initiatives and innovate its product offerings.

## Funding rounds

- Series C, Jul 1, 2019, $18M — BRM Group, Liberty Partners, Intel Capital, Opus Capital Ventures, Ibex Investors, Strategic Cyber Ventures
- Series B, Apr 19, 2016, $5M — Strategic Cyber Ventures
- Series B, Jul 10, 2015, $9M — BRM Group, Liberty Partners, Intel Capital, Opus Capital Ventures
- Series A, Feb 25, 2014, $5M — BRM Group, Opus Capital Ventures

## Investors

- BRM Group (https://capitalatlas.ai/funds/brm-group) — Series A, Series B, Series C
- Opus Capital Ventures (https://capitalatlas.ai/funds/opus-capital-ventures) — Series A, Series B, Series C
- Liberty Partners (https://capitalatlas.ai/funds/liberty-partners) — Series B, Series C
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B, Series C
- Strategic Cyber Ventures (https://capitalatlas.ai/funds/strategic-cyber-ventures) — Series B, Series C
- Ibex Investors (https://capitalatlas.ai/funds/ibex-investors) — Series C