What is Trace Security?
Founded in 2004 and headquartered in Baton Rouge, Louisiana, Trace Security offers comprehensive cybersecurity and compliance solutions designed to mitigate cyber breach risks for organizations of all sizes. The company's offerings aim to assist businesses in demonstrating adherence to regulatory standards and bolstering their defenses against evolving cyber threats.
How much funding has Trace Security raised?
Trace Security has raised a total of $12.9M across 4 funding rounds:
Series A
$875K
Series B
$3M
Series C
$8M
Debt
$1M
Series A (2004): $875K, investors not publicly disclosed
Series B (2005): $3M, investors not publicly disclosed
Series C (2007): $8M supported by Maple Leaf Angels
Debt (2020): $1M featuring PPP
Key Investors in Trace Security
Maple Leaf Angels
Maple Leaf Angels is Toronto's largest angel investor network, dedicated to supporting Canadian startups. The organization comprises high net worth individuals who invest in seed and early-stage technology companies, providing not only capital but also strategic guidance and mentorship.
PPP
Public-Private Partnership
What's next for Trace Security?
With a history of significant capital raises, including a Series C round in 2007 and a recent debt financing, Trace Security appears to be in a mature stage of its growth trajectory. The substantial enterprise-level funding context suggests a focus on scaling operations, expanding market reach, and potentially pursuing strategic acquisitions or further technological development to maintain its competitive edge in the dynamic cybersecurity sector.
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