PlexTrac, a Boise-based cybersecurity software company, it announced a new round of funding. The company, which was started by Idaho native and Northwest Nazarene University graduate Dan DeCloss, raised $70 million in what’s known as a Series B round.
In April, BoiseDev reported PlexTrac brought home more than $10 million in Series A funding to help it grow.
PlexTrac, which launched in 2016, works to equip consultants, service providers, and enterprise
teams of all sizes with the solution they need to track and improve online security reporting, data aggregation, and program management.
“It has never been more crucial to be proactive in defending against increasingly disruptive
threats. PlexTrac empowers teams to stay focused on the right work, eliminating waste in daily
workflows, prioritizing the most critical organizational risks, and providing visibility of security
progress,” DeCloss said.
The funding round was led by New York-based global venture capital and private equity firm
Insight Partners, with participation from existing investors Madrona Venture Group, Noro-Moseley Partners, and local firm StageDotO Ventures.
“PlexTrac is poised to be a game-changer in security workflow and management, and we are incredibly excited to partner with Dan and the entire team to fuel the next stage in the company’s growth,” Insight Partners Vice President Evan Hahn said.