CyberFortress Announces $3 Million Seed Fundraising Round Co-Led by Greycroft and LiveOak Venture Partners
Summary
SAN ANTONIO--(BUSINESS WIRE)--CyberFortress, an insuretech startup focused on protecting e-commerce companies from cyber threats, announces that it has closed a $3 million seed round co-led by Greycroft and LiveOak Venture Partners. This tool uses proprietary data collection technology and machine learning methods to assess an e-commerce company’s risk of suffering downtime, using just their business email address, and is free and accessible on CyberFortress’s website. Headquartered in San Antonio, Texas, CyberFortress leverages over a decade of cybersecurity, risk analysis, and portfolio management expertise working with small business data security. Greycroft has made over 300 investments across the tech sector, including Acorns, Huffington Post, Icertis, Plated, Shipt, TheRealReal, Thrive Market, Trunk Club, and Venmo. LiveOak Venture Partners has been the lead investor in exciting high-growth Texas-based companies such as CS Disco, Digital Pharmacist, OJO Labs, Opcity, and TrustRadius.