Atlassianâs VC arm backs cybersecurity startup in $15 million Seed round>
– Simon Thomsen
Atlassian, the Australia-based enterprise software giant, has backed a US-based cybersecurity startup, Cogmotive, in a $15 million seed round. The round was led by OpenView and also included participation from existing VCs such as Builders VC and Atlanta Ventures. The money will be used to fuel sales and marketing efforts and will help Cogmotive scale further into the enterprise security space. Cogmotive helps organizations monitor and secure their assets, emails, and user accounts against threats, ensuring their data is secure and compliant with existing regulations. The startup was founded in 2012 and makes use of machine learning algorithms to detect suspicious behaviors and activities. The latest funding is Atlassian’s first investment in a cybersecurity startup and is a vote of confidence in the technology. It has also announced it will provide Cogmotiveâs customers with the enterprise features it is already familiar with in its own products. âAs the cloud and remote work grows and more companies need to monitor and secure their critical data,â said Carl Eschenbach, Atlassianâs President of Corporate Development, âweâre excited to support the growth of a company like Cogmotive
Link: https://www.startupdaily.net/topic/funding/atlassians-vc-arm-backs-cybersecurity-startup-in-15-million-seed-round/