BreachRx, a provider of the first intelligent incident response platform designed for the entire enterprise, announced the closing of an oversubscribed $15 million Series A funding round led by Ballistic Ventures, with participation from SYN Ventures, Overline, and Silver Buckshot Ventures. This brings the company’s total funding raised to over $23 million.
What BreachRx does: The BreachRx platform is a secure and central workspace for every stakeholder across an organization to coordinate and streamline cybersecurity incident response management. And it enables real-time, cross-functional collaboration by clearly defining roles, responsibilities, and timelines, ensuring every team member knows exactly what to do and when to do it. Plus, the platform reduces costs and increases efficiency by automating the creation of tailored playbooks for any type of incident and reports to track and measure response outcomes for Boards, auditors, and regulators.
This oversubscribed round follows a year in which BreachRx achieved more than 3 times year-over-year annual recurring revenue (ARR) growth for the second consecutive year. And the company currently has over 100 customers, including numerous publicly traded and Fortune 500 companies in the financial services, technology, healthcare, and critical infrastructure markets.
What the funding will be used for: The company plans to use the new funding to scale its go-to-market and engineering teams to accelerate adoption and innovation.
New board member: The company also announced the appointments of Ballistic Ventures General Partner and former Mandiant CEO Kevin Mandia to the Board of Directors, and best-selling author Nicole Perlroth as Board Observer.
KEY QUOTES:
“The most forward-thinking CISOs understand that cyberattacks and breaches are events that companies must manage with effective command and control. Every company should consider how to prepare for and manage through a cyber incident – and BreachRx empowers companies to both plan and execute through cyber events in a manner that promotes far more effectiveness and resilience.”
Kevin Mandia
“From founding the company that the Fortune 500 have on speed-dial when they have a breach to expertly leading his own company through one of the most high-profile breaches in history, Kevin knows better than anyone the importance of transparency, speed and precision in the response process. His experience and knowledge of how organizations should prepare for and operate cross-functionally in response to cyber events, coupled with Nicole’s perspective from reporting on major cyberattacks, are invaluable as we execute our next phase of growth.”
Andy Lunsford, CEO and co-founder at BreachRx
“I can tell you firsthand: breached organizations aren’t judged by how well they managed their security defenses — they’re judged by their customers on how they managed the communications around their security incident. BreachRx is the first incident response platform built for the messy, high-stakes reality of cyber incidents today. It delivers clarity, cross-functional coordination, privileged communication channels and audit trails. With dynamic playbooks and streamlined tasking, BreachRx enables teams to focus on the real threat — advancing adversaries — instead of scrambling over internal liability and confusion. It’s a privilege to work with the BreachRx team.”
Nicole Perlroth
