$10M For Cyber Company That Protects Small Businesses
A cybersecurity company that specializes in protecting small companies has secured $10 million in funding.
Guardz, based in Tel Aviv, has emerged from stealth, offering automated, active, and real-time cyber protection and insurance for a monthly subscription. Its customer support team of experts will give step-by-step guidance in the event of an attack.
Small businesses are the backbone of the US economy, but do not have access to the same cybersecurity personnel, expertise, and resources as large enterprises. Most available solutions are too complicated and costly to understand, obtain and maintain.
As a result, most small businesses are left unprotected and without cyber insurance, and in 2022 alone, they have seen nearly $7 billion in reported losses.
Guardz also provides a free plan that gives alerts in the event of suspicious emails and dark web activity, web browsing risk, or employees ignoring security best practices.
“Hackers are acutely aware of small businesses’ cyber vulnerabilities; nowadays, it’s not a matter of if they’ll be targeted, but when,” said Dor Eisner, CEO and Co-Founder of Guardz.
“Our complete solution helps companies with lean IT, as well as MSPs (a managed service provider, which delivers services like network, application, infrastructure and security), to combat these rising threats, and we’ve already witnessed tremendous results with the hundreds of small businesses currently secured by Guardz.
“We have worked tirelessly to create a solution that not only impacts the security and longevity of businesses, but helps protect the ecosystem at large, and we are eager to continue developing our offering to secure further companies across the globe.”
The funding was led by Hanaco Ventures, with participation from iAngels and other investors. Guardz was founded in 2022.