Cybersecurity company Wirespeed announced the completion of its seed funding round, backed by cybersecurity legends. The funding group, led by Mairs & Power Venture Capital, is closely tied to Wirespeed’s founders, Tim MalcomVetter and Jake Reynolds, and includes cybersecurity veterans: Gary Fish, founder/CEO of several companies including FishNet Security (now Optiv), Firemon, Fishtech (now Cyderes), Secure Passage, et al; Deke George, co-founder of the world’s largest penetration testing company, NetSPI, where MalcomVetter and Reynolds first worked together; Grossman Ventures, headed by serial cybersecurity luminary Jeremiah Grossman (WhiteHat Security, Bit Discovery); RNP Capital Advisors, led by tech entrepreneurs Alan Dumas and David Bates; and Daren Cotter, successful SaaS entrepreneur turned serial investor.
What Wirespeed does: Wirespeed’s Automated MDR platform utilizes a proprietary conditional logic algorithm to deliver consistently repeatable verdicts on threat detections in seconds. It also leverages ChatOps integrations with Slack, Teams, Email, and SMS to solve challenging cases without consuming the precious time of customers’ in-house security teams. And Wirespeed’s flexibility enables clients to choose the level of their trust in automated containment scenarios, matching their company culture without writing code, defining playbooks, or requiring deep expertise in security operations.
Wirespeed also directly incorporates ISO 2859, Acceptable Quality Limits (AQL), into a SecOps platform to bring learnings from other industries into cybersecurity and efficiently maintain human supervision.
Founding team: Launched by MalcomVetter, former Cyderes Chief Technology Officer, NetSPI Executive Vice President of Strategy, and Walmart Red Team founder, and Reynolds, former NetSPI Principal Penetration Tester, Head of Product, and Head of Emerging Technology, Wirespeed provides SMB, mid-market, Enterprise, and MSP/MSSP clients via a channel-driven model with VARs and Service Providers. At NetSPI, under Deke George’s mentorship, the founders developed a shared commitment to enhancing security service delivery through automation, engineering discipline, and creativity.
How the funding will be used: The funding will advance Wirespeed’s mission to deliver the world’s fastest threat detection, triage, and response to businesses of all sizes at a highly disruptive price.
Supported by decades of entrepreneurial expertise in the investment group, Wirespeed will use the funding to aggressively add features and integrations, add more engineering and security talent, and expand its partnerships and GTM strategy.
KEY QUOTES:
“We are so grateful for our early customers who embraced our bold vision for what MDR should become and their trust has been invaluable.”
Tim MalcomVetter, Co-Founder and CEO of Wirespeed
“We’re equally grateful to our industry titan investors for validating our radically differentiated approach to solving security operations challenges at scale.”
Jake Reynolds, Co-Founder and CTO of Wirespeed
“The response times, focus on simplifying the customer experience, and disruptive pricing already makes Wirespeed a leader in cybersecurity operations. We’re proud to lead this round.”
John Bergstrom, General Partner of Mairs & Power Venture Capital
“What excites me about Wirespeed is how unapologetically practical it is. The founders aren’t guessing, they’ve lived the pain, stripped away the noise, and built a product that just works. It’s exactly the kind of clarity and customer focus the MDR space has needed for years.” Jeremiah Grossman
