SixThirty Cyber, a St. Louis-based business development program, participated in a $2 million seed funding round for cybersecurity firm Syncurity.
Bethesda, Maryland-based Syncurity said Monday that the raise was led by the Maryland Technology Development Corp. before closing oversubscribed with the additional participation of SixThirty Cyber and Rockville, Maryland-based Kluz Ventures through its The Next Impact Fund. The amount invested by each was not disclosed.
A seed fund of St. Louis-based global fintech venture fund SixThirty, SixThirty Cyber is a business development program that invests up to $200,000 in cybersecurity-based technology startup companies.
Syncurity officials said the funding would be used to extend the company’s security operation and incident response platform, called IR-Flow, as well as support the company’s global growth and expansion of its partnerships. Syncurity’s IR-Flow platform allows security teams to streamline the incident management process, including from proactively hunting for threats, handling alerts and incident response, according to the company.
“Syncurity’s ability to automate and orchestrate real-world incident response processes is quickly gaining traction with global enterprises and MSSPs/MDRs (managed security service providers/managed detection and response providers),” SixThirty Cyber General Partner Jason Clark said in a statement.
The newly raised funds, along with the institutional firms behind them, will allow Syncurity to extend its platform to new customers and partners around the world, Syncurity CEO John Jolly said in a statement.
Founded in 2014, Syncurity has raised about $2.4 million to date, according to the Baltimore Business Journal.