Tech Company Financing Transactions
Binary Defense Systems Funding Round
Binary Defense Systems, based in Stow, scored $36 million from Invictus Growth Partners and private investors.
Transaction Overview
Company Name
Announced On
11/2/2022
Transaction Type
Venture Equity
Amount
$36,000,000
Round
Undisclosed
Investors
Invictus Growth Partners (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand customer acquisition efforts with accelerated sales and marketing efforts and expand machine learning to enhance its technology enabled service capabilities as it creates a Managed Open XDR solution.
Company Information
Company Status
Private & Independent
Industry
Defense
Mailing Address
600 Alpha Pkwy.
Stow, OH 44224
USA
Stow, OH 44224
USA
Phone
Website
Email Address
Overview
At Binary Defense, our mission is clear -- to change the security industry for the better and help organizations defend against threats of all kinds. At every level of our company, we're united by our shared goal of making the world a safer place. It fuels our work, as we strive to deliver the best cybersecurity solutions to our clients.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bob Meindl
Chief Financial Officer
Mike Hofherr
Chief Operating Officer
Dan Adcock
VP - Bus. Development
Tracy Caudill
VP - Product Management
Jason Vest
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