Tidal Cyber has closed a $4 million funding round led by Ultratech Capital Partners. The funding will be used to expand Tidal’s SaaS-based threat-informed defense platform and ramp up customer acquisition.
The number of cyber-attacks continues to grow each year, making it more important than ever for enterprises to adopt more proactive cybersecurity measures. Threat-informed defense gives companies a more strategic means of defense by focusing on the tactics and techniques used by the adversaries most likely to target them.
“As cyber-attacks become both more frequent and more damaging, it’s clear that a more proactive strategy is needed. We are proud to be part of the work Tidal is doing to help organizations secure themselves more effectively by implementing threat-informed defense,” said Dale Davis, Principal at Ultratech.
The Tidal Platform is purpose-built to make implementing threat-informed defense simple and streamlined. The Tidal Community Edition, the free-to-use base offering of the platform, was made generally available at Black Hat USA in early August.
It features enriched technique data from MITRE ATT&CK and other open-source sources, as well as the Tidal Product Registry, a curated repository of vendor-supplied data mapped to specific adversary behaviors. The Tidal Community Edition was named a Top Cybersecurity Product Unveiled at Black Hat 2022 by CSO Online.
“We are incredibly proud of the rapid progress we have made to date and are excited to achieve this important milestone,” said Tidal co-founder and CEO Rick Gordon.
“This capital will provide us with resources we need to enable enterprises of all sizes to achieve a threat-informed defense. We are thrilled to be working with the Ultratech team and with an incredible group of experienced security investors on this important mission.”, Gordon continued.
In addition to Ultratech, new investors participating in the fundraising are Access Venture Partners, TFX Capital, VIPC Virginia Venture Partners, Dreamit, and Adam Vincent. Existing investors participating in this round include First In, BlueWing Ventures, SaaS Ventures, Riverbend Capital, Blu Venture Investors, and StoneMill Ventures.
Future plans for the Tidal Platform include an enterprise edition with enhanced features including reporting using the Tidal Confidence Score, which will help enterprises evaluate and communicate their cyber risk reduction.