AccessData Raises $45 Million
AccessData is a cyber security and digital forensics company that has raised $45 million in funding from Sorenson Capital Partners and Silicon Valley Bank. Before this round of funding, the company has never taken an outside round since starting in 1987.
AccessData said that this round of funding will allow them to “reduce outside ownership and add Sorenson as a strategic, long-term partner.” The funding includes a $20 million equity trade from Sorenson Capital and $25 million in structured debt from Silicon Valley Bank.
“By combining AccessData’s strong market position with Sorenson Capital’s proven track record of taking companies to the next level, we believe we can accelerate growth at AccessData and deliver extensive value to shareholders and customers alike,” stated Sorenson Capital co-founder and Managing Director Ron Mika. “This is an exciting company and a compelling opportunity. We are anxious to see where the team can take it over the coming years.”
AccessData has around 130,000 users across government agencies, corporations, consulting companies, law firms, and law enforcement agencies. AccessData has offices in Houston, D.C., New York, and San Francisco. The company is best known for their cyber-security product called CIRT 2.