What is PlexTrac?
Founded in 2018 and headquartered in Idaho, PlexTrac operates as a high-growth cybersecurity entity dedicated to optimizing the security posture of enterprises and security teams of varying scales. The company provides a centralized platform that streamlines the reporting and remediation of security vulnerabilities, effectively bridging the gap between offensive security testing and defensive operational response. By centralizing data, PlexTrac enables security teams to prioritize threats, track remediation progress, and demonstrate compliance, thereby transforming how organizations manage their cyber risk profiles in an era of persistent digital threats.
How much funding has PlexTrac raised?
PlexTrac has raised a total of $80M across 2 funding rounds:
Series A
$10M
Series B
$70M
Series A (2021): $10M with participation from Noro-Moseley Partners and Madrona Venture Group LLC
Series B (2022): $70M led by Madrona Venture Group, Noro-Moseley Partners, and Insight Partners
Key Investors in PlexTrac
Madrona Venture Group
Founded in 1995, Madrona Venture Group is a venture capitalist investment company including consumer internet, commercial software, and services.
Noro-Moseley Partners
Noro-Moseley Partners specializes in early growth equity investments for rapidly-scaling B2B technology and healthcare companies, focusing on sustainable economic models.
Insight Partners
Insight Partners is a global venture capital and private equity firm that invests in high-growth technology and software scale-ups, providing deep operational support to its portfolio.
What's next for PlexTrac?
With the recent influx of capital, PlexTrac is well-positioned to accelerate its product development roadmap and expand its market reach. The strategic focus will likely center on enhancing its automated reporting capabilities and deepening integrations within the broader security stack. As the company moves into its next phase of growth, the emphasis will remain on scaling its enterprise-grade offerings to meet the complex demands of global security operations centers. By leveraging its current financial backing, PlexTrac aims to further differentiate its platform, ensuring that security teams can move from reactive vulnerability management to a proactive, data-driven security posture that aligns with modern business objectives.
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