Today I am thrilled to share some incredible news. It is with great excitement and pride that I announce that Stamus Networks has successfully closed a $6 million series A funding round. You can read the complete press release here.
This milestone is a testament to the hard work, dedication, and trust that our team and community have placed in our mission to empower the elite enterprise defenders who work tirelessly to secure their organizations from relentless cyber threats.This significant funding round was led by First Analysis, a prestigious venture capital firm based in Chicago, renowned for nurturing emerging B2B technology companies, including a number of cybersecurity startups. We are honored to have the support and confidence of First Analysis as our leading investor.
Joining us on this journey is SmoothBrain, a new investor whose faith in our vision further validates our commitment to delivering innovative solutions. Finally, I am grateful for the continued support and participation of our existing seed stage investors, Elevate Ventures, VisionTech Partners, and a number of individuals without whom we would not have made it to this point.
This infusion of capital marks a defining moment for Stamus Networks and will enable us to fulfill our vision for the company. In addition, it gives us the tools we need to strengthen our position as the global leader in Suricata-based network security solutions for enterprises.
This past 18 months we introduced a bunch of new Suricata-related tools, trained hundreds of Suricata users, and published the industry’s first open source book for security analysts on Sucicata. In case you missed the webinar we hosted on this very topic, you can check the video out on YouTube here: https://youtu.be/Mvb78Qcq8qU. With this investment, you should expect to see us deliver even more open-source tools and educational materials to the Suricata user community than ever before.
But it is our commercial solution - built on top of a Suricata foundation - that is the big contributor to our customer success. The Stamus Security Platform’s ability to integrate modern machine learning with traditional detection mechanisms from intrusion detection (IDS) and network security monitoring (NSM) systems has set us apart as innovators in the field.
The Stamus Security Platform has garnered praise from elite cyber defenders who require detail, control, and transparency in their security operations and recognition from Gartner for our unique approach. Unlike many legacy systems and heavily-hyped artificial intelligence (AI) products that merely trigger warnings with no explanatory context or evidence, our platform provides comprehensive evidence, empowering rapid response to critical threats.
Howard Smith, the Managing Director at First Analysis, spoke with a number of our customers as part of his firm’s due diligence efforts. We are extremely proud that he received very positive feedback from all of them. Here’s what he had to say:
"We were impressed by the conversations we had with Stamus Networks’ sophisticated enterprise customers. Each praised the comprehensive, transparent, and granular evidence delivered with detections triggered by the Stamus Security Platform,. The customers also applauded the company’s customer support.”
Nick Mirchef, the co-founder of SmoothBrain - another new investor - had this to say about the impressive list of customers we’ve been able to help:
"Some of the world’s most targeted organizations trust Stamus Networks and its network-based threat detection and response solutions to help secure their operations. This notable list of customers includes central banks, multinational government institutions, departments of defense, managed security service providers, and financial service providers."
Our mission has always been to empower and celebrate defenders, the often unsung heroes safeguarding the organizations they protect. Today, with this new funding, we are even better equipped to pursue this mission and make a lasting impact on the industry. We plan to use these funds to drive innovation, elevate our customers’ experience, and expand our go-to-market resources and programs.
I want to give thanks first to the many defenders who have trusted and supported us to date. It is because of these customers and their feedback that we are able to drive continuous innovation for them. By choosing us to help them secure their organizations, they enable us to grow and to improve our solutions for their defenders.
Additionally, I want to express my deepest gratitude to our investors for their belief in our mission and the tremendous potential of our team and technology. With their support, we will be able to extend our market reach and accelerate our research and development efforts. This will enable us to cement our position as the foremost provider of Suricata-based network security for enterprises, thereby securing even more of the world's most targeted organizations.
As we celebrate this milestone, I would also like to take a moment to thank each and every member of the Stamus Networks team. Your unwavering dedication and commitment to excellence have been instrumental in driving our success. Together, we will continue to push the boundaries of what is possible and make a profound impact on the safety of organizations worldwide.
The journey ahead is filled with tremendous opportunities, and we are excited to seize them together. This week, you can find us at Black Hat USA in Las Vegas (booth 2716D), where we will be showcasing the Stamus Security Platform, engaging with our customers and partners, and connecting with prospective clients. If you're attending the event, we would love to meet with you.