- Cybersecurity company Praetorian announced recently that it raised $10 million in Series A funding from investors including Bill Wood Ventures and McKinsey & Company
Cybersecurity company Praetorian announced recently that it raised $10 million in Series A funding from investors including Bill Wood Ventures and McKinsey & Company. In connection with the investment, Praetorian and McKinsey entered into a strategic partnership to help clients solve complex cybersecurity challenges and secure innovation. McKinsey had selected Praetorian for investment due to its client-first culture, strong brand reputation, organizational sophistication, and technical talent density.
“Having achieved profitability and cash flow positive operations through eight years of bootstrapping, we had no intention of ever raising outside capital. We had to reexamine that thinking after being introduced to partners that brought value far beyond a capital injection and that were completely aligned with our vision, mission, and values,” said Praetorian Founder and CEO Nathan Sportsman. “Investors that are not constrained by the mechanics of a traditional fund give Praetorian the flexibility to take a long-term view that aligns client and shareholder interests and that nurtures the experimentation cycles of innovation. Bill Wood and McKinsey share our conviction that there are no shortcuts to building an enduring institution with the client at the center.”
With its expertise and engineering, Praetorian helps leading organizations solve complex cybersecurity problems across their critical enterprise assets and product portfolios.
“The cybersecurity industry is one that will never stop growing and one that presents a new window of opportunity almost every day,” added Bill Wood, general partner at Bill Wood Ventures. “Praetorian has been selected by the largest companies in the world to help them solve complex security challenges.”
Kevin Buehler, Senior Partner and global leader of McKinsey’s cybersecurity practice, pointed out that the investment and collaboration complements and extends the consulting firm’s existing cybersecurity capabilities.
“We have been deeply impressed with Praetorian’s distinctive capabilities in security architecture and engineering and feel confident that our shared values will allow us to help clients put security at the center of their business strategy. We are delighted to partner with such a world-class team,” explained Buehler.
