MixMode Raises $45 Million in Series B Funding Round Led by PSG

MixMode, a leading provider of self-learning solutions to detect cyberattacks in real time, announced that it has raised $45 million in a Series B funding round led by PSG, a leading growth equity firm partnering with middle-market software and technology-enabled services companies to help accelerate their growth, with participation from existing investor Entrada Ventures. MixMode serves large enterprises with big data environments across a variety of industries and works with channel partners closely to service and grow the use cases for its customers. The company plans to use the new funding to further expand its AI capabilities, build out its sales footprint and grow its channel reach. “As successful cyberattacks have accelerated in both number and scale, there is a growing acceptance that legacy cybersecurity platforms are missing the majority of attacks. We are in the first inning of a transformation from rules-based security programs to true self-learning security programs.” “With the growing threat of cyberattacks posing critical risks to businesses, we feel MixMode’s predictive AI-driven software provides organizations of all sizes and industries with the ability to detect and defend against both known and unknown vulnerabilities,” said John Marquis, Managing Director at PSG.