Managed Detection and Response (MDR) GoSecure Raises $20 Million

By Annie Baker ● Jul 17, 2020
  • GoSecure — an established leader in the rapidly-growing Managed Detection and Response (MDR) market — announced that it has raised $20 million USD in Series E funding

GoSecure — an established leader in the rapidly-growing Managed Detection and Response (MDR) market — announced that it has raised $20 million USD in Series E funding to accelerate growth across North America. Yaletown Partners led the investment with Bank of Montreal and existing investors SAP/NS2 and Razor’s Edge.

The demand for Managed Detection and Response has been increasing rapidly with industry analysts projecting that 40% of mid-market organizations will adopt MDR in the next 5 years alone. And GoSecure is at the leading edge of this growth curve and well-positioned to take advantage of the growing demand.

Ever since GoSecure launched CounterTack in 2012, the company has developed its unique behavior-based, predictive detection and response platform, acquired several companies, and emerged as the leader in the fast-growing Managed Detection and Response market.

Now GoSecure has 200 employees with country headquarters in Montreal, Quebec and San Diego, California. And growth was already accelerating before the COVID-19 pandemic. Interest has picked up as organizations adapt to an increasingly mobile workforce.

Key Quotes:

“With over 2,000 customers, GoSecure is the most effective and trusted MDR company in North America. Some of the most sophisticated customers in Government and finance trust GoSecure. While competitors like CrowdStrike continue to stress their Next-Gen AV as the next cybersecurity evolution, GoSecure is already delivering sophisticated MDR services that are protecting customers of all sizes.”

“Our MDR customer base has grown 425% over the past two years, and demand is at unprecedented levels, making now the perfect time for GoSecure to secure growth funding. We have put together an amazing team of seasoned cybersecurity professionals, including Executive Chairman Robert J. McCullen, who have overseen dramatic growth in their careers. Combined with our market leading technology, and amazing brand recognition, we are poised to lead the Canadian MDR market and expand our endpoint coverage across North America.”

— GoSecure CEO Neal Creighton

“GoSecure is in an amazing place and the chance to help them reach the next level was extremely appealing. We’ve been following GoSecure since their early days in Montreal and their progression has been staggering. With the recent acquisitions, growth of the leadership team and market leading technology, they have all the elements necessary to become the leading MDR provider, not only in North America but globally.” Eric Bukovinsky, Partner at Yaletown Partners, added “with the rapid changes coming from Digital Transformation, the future of work, and the Intelligent Industry, cybersecurity is a fundamental pillar of digital strategies. GoSecure’s solutions provide the capability and flexibility for both today’s distributed and evolving security perimeter and the dynamic future footprint of digital enterprises.”

— Shyam Gupta, Partner at Yaletown Partners

“GoSecure has evolved over the last three years from a differentiated EDR software company into a full suite, full-service cyber security company with a world class management team. We are pleased to further accelerate the company’s already impressive growth trajectory with this transformative round and the success of our joint solution offerings.”

— Drew Drake, Vice President, Strategic Investments, SAP NS2