SilverSky Raises Funds to Develop Cybersecurity Platform and Support Market Strategy

SilverSky Closes Funding

SilverSky's Funding for Cybersecurity Services

Key Highlights:

  • Funding Round: SilverSky, a cybersecurity provider specializing in managed extended detection and response (MxDR) services, raised an undisclosed amount in funding.
  • Investors: The funding round was led by SQN Venture Partners, along with participation from existing shareholders.
  • Platform Development and Expansion: The funds will be used to further develop SilverSky's platform and support its go-to-market strategy in 2024.

SilverSky's Target Market

  • Regulated Industries: Focus on industries with demanding regulatory requirements, such as finance, healthcare, and government.
  • Companies Seeking Cybersecurity Solutions: Organizations looking for managed xDR services to meet regulatory requirements, proactively respond to threats, and reduce risk.
  • Security-Conscious Businesses: Businesses prioritizing military-grade security and integrated technology solutions for their cybersecurity needs.

What SilverSky Needs to Buy

  • Technology Development: Collaborations with technology partners to enhance and expand their cybersecurity platform.
  • Marketing and Sales Support: Services to support their go-to-market strategy, including marketing campaigns and sales enablement tools.
  • Partnerships and Alliances: Collaborations with industry partners to expand their reach and offer comprehensive cybersecurity solutions.