Boise-based PlexTrac picked up a new round of funding – bringing in more than $10 million to help it grow.
Noro-Moseley Partners of Atlanta, GA and Madrona Venture Group of Seattle led the funding – a so-called Series A round. Boise-based StageDotO, which helped PlexTrac with seed funding in 2019, also participated in the funding round.
The parties did not what value the latest funding would give PlexTrac.
Blue + red = purple
PlexTrac launched in 2016, and calls itself the “purple teaming platform.” In cybersecurity, groups of people who try to go on offense and break into systems to find vulnerabilities are known as “red team” members. Folks who try to shore up systems from outside attacks are known as “blue team” members. PlexTrac works to build solutions to help reporting for both. Red, plus blue – equals purple.
Idaho native Dan DeCloss started PlexTrac after building Scentsy’s cybersecurity program. He graduated from Northwest Nazarene University and the Naval Postgraduate School.
“Security professionals in all types of organizations are faced with unprecedented threats, but how they work has not substantially changed,” DeCloss said of the challenge PlexTrac works to solve. “PlexTrac brings red and blue cybersecurity teams together in one workflow to build transparency and efficiency at remediating vulnerabilities and defending against increasingly sophisticated adversaries.”
The company said it saw large growth in 2020 and expanded its team – including a number of hires from the Idaho Air National Guard’s 224th Cyber Operations Squadron.
“Never before have security professionals seen the level of pressure they are now facing to protect their assets — and communicate with teams across the organization and outside of it,” Noro-Moseley partner John Ale said. “Dan brings personal experience and a clear vision to this challenge.”
PlexTrac said it is currently filling jobs both in Boise and remote.