What is PlexTrac?
Established in 2018 and headquartered in Idaho, United States, PlexTrac is a rapidly expanding cybersecurity company dedicated to improving the security posture for organizations and security teams of all sizes. The company's mission centers on providing robust solutions that address the evolving threats in the digital realm. Its growth trajectory, marked by successive funding rounds, indicates a strong market reception and a clear demand for its innovative cybersecurity offerings.
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 Madrona Venture Group LLC and Noro-Moseley Partners
Series B (2022): $70M led by Madrona Venture Group, Noro-Moseley Partners, and Insight Partners
Key Investors in PlexTrac
Madrona Venture Group
Madrona Venture Group is a venture capital firm established in 1995, with a focus on investments in 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, partnering with CEOs since 1983 to scale high-growth businesses.
Insight Partners
Insight Partners is a private platform designed for its portfolio company leaders, aiming to foster connections and support growth for over 500 software companies.
What's next for PlexTrac?
With its recent major strategic investment and substantial total funding, PlexTrac is poised for accelerated growth and market expansion. The enterprise-level capital infusion is expected to fuel further development of its cybersecurity platform, enhance its go-to-market strategies, and potentially broaden its service offerings. This strategic financing positions PlexTrac to further solidify its standing as a key player in the cybersecurity sector, addressing critical security needs for businesses navigating an increasingly complex threat environment.
See full PlexTrac company page
