Cybersecurity management startup Apptega recently raised $700,000 in a round led by Circadian Group. The other investors in the round include TiE Atlanta Angel group, Ascent Capital, Triton Claims Management, and individual family offices. The company stated the new capital will be used to increase their workforce and expand sales and marketing channel.
Founded in 2017 by CEO Armistead Whitney, the Atlanta-based startup offers end-to-end cybersecurity platform for organizations.
“Organizations of every size were trying to build, manage and report their cybersecurity program, both for maintaining a great security level to protect their enterprises from the threats of today, to having to report their programs in new ways for board meetings, executive meetings, to their customers,” said CEO of Apptega Armistead Whitney. “Our customers span every industry — from retail, law firms, and healthcare to real estate, manufacturing and technology. Our biggest market right now is businesses between 200 and 1000 employees, so those that don’t have dozens of security people on staff to manage all this. They’re really looking for cyber automation.”
Apptega’s cybersecurity platform helps organizations to build, manage, and report all the cybersecurity operations through a series of specialized apps. The company claims that their applications provide unprecedented visibility and control of an organization’s entire cybersecurity program.
Speaking on the new investment move, Mike Dowdle, Managing Partner at Circadian Group said, “Apptega’s immediate customer traction is impressive and shows the enormous demand companies have for managing their cybersecurity programs. The experience of Apptega’s management team operating in the hyper-growth cybersecurity field makes this a very attractive investment.”
