Seattle cybersecurity startup raises $6 million for tech that fights hackers
Summary
DefenseStorm, which changed its name from Praesidio in June, brought on a new CEO to expand beyond the finance industry. Seattle cybersecurity startup DefenseStorm, previously known as Praesidio, has raised nearly $6 million for its technology that protects banks from hacking attempts. The startup changed its name from Praesidio, which means “protection” in Latin, to the more recognizable DefenseStorm in June. DefenseStorm creates technology that helps banks and other financial institutions identify potential vulnerabilities in their systems to prevent attacks and catch breaches early. Cyberattacks have become more common and sophisticated, and high-profile attacks such as those against Target and Home Depot have thrust cybersecurity issues into the public eye.
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