Tag: 25m

As Businesses Shift Online, Quantum Metric Secures $25M to Help Them Build Customer-Centric Sites That Exceed Digital Expectations

COLORADO SPRINGS, Colo., Oct. 7, 2020 /PRNewswire/ — Quantum Metric, a SaaS platform that helps organizations build better digital products faster, today announced it has secured up to $25 million of debt capital from Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors. With its initial Series A round led by Insight Partners in 2018 and the closing of this facility, Quantum Metric has raised $50 million in capital over the span of 24 months.

The pandemic has altered the investment landscape, slashing the number of VC rounds in the U.S. this year by 44 percent. In its latest capital raise, Quantum Metric leveraged its strong balance sheet, in combination with its competitive market position as the global leader in Continuous Product Design (CPD), to drive the strategic decision to choose debt financing over equity to grow its fast-moving business. The new funds

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Penetration testing startup Pcysys raises $25M to develop its technology

Penetration testing platform startup Pcysys Ltd. today said it has raised $25 million in new funding to expand the company’s sales and delivery teams and further develop its technology.

The Series B round was led by Insight Partners and included existing investors Awz Ventures and the Blackstone Group.

Founded in 2015, Pcysys — an acronym for “proactive cyber systems” — offers an automated penetration testing platform that’s designed to assess and reduce cybersecurity risks. Pentesting, as it’s usually known, involves testing information technology networks through a series of simulated attacks to identify vulnerabilities.

It’s a commonly offered form of cybersecurity practice. But Pcysys claims that regular pentesting using humans is obsolete, and its software and algorithms can do a better job.

The company’s automated pentesting platform, Pcysys PenTera, uses algorithms to scan and ethically attack the enterprise network with the latest hacking techniques, identifying security weaknesses. The company says the

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Yo founder used this pitch deck to win $2.5m for his new startup

  • Israeli ‘no code’ startup Anima has raised $2.5 million in a seed funding round backed by Hetz Ventures.  
  • The firm was cofounded in 2016 by Or Arbel, who previously set up Yo – the app that only let you send the word “Yo” to your contacts. 
  • All three Anima founders were put through their paces with Y Combinator’s acclerator programme, after which CEO Avishay Cohen says investors were ‘throwing checks’ at them. 
  • Business Insider got an exclusive look at the pitch deck Anima used to bring investors on board. 
  • Visit Business Insider’s homepage for more stories.

Anima, the “no code” startup bridging the gap between web design and engineering, announced last week it had raised $2.5 million in a seed funding round backed by Hetz Ventures. 

Founded in 2018, Anima offers users a plug-in which it says allows web designers to bring their work on platforms like Sketch to life

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