Protexxa, one of the fastest-growing cybersecurity companies in the country, has announced the successful close of its second funding round.
Founded by global information technology and cybersecurity executive, Claudette McGowan, the company’s AI-powered platform, Protexxa Defender, rapidly identifies, evaluates, and resolves cyber issues.
With 90 percent of cyber attacks attributed to human error, organizations work with Protexxa to connect the dots between personal cyber hygiene and business risk. The AI-powered platform gives companies and their people a cyber health score and helps them make swift improvements, such as finding exposed passwords and removing online images. To help teams recover from cyber attacks faster, Protexxa also provides tailored incident response plans to support customers when cyber attacks occur.
The successful $10 million Series A raise marks another significant milestone in Protexxa’s work towards fortifying global cyber defense through individual cyber hygiene. After raising a $5 million Seed in 2022, Protexxa set a new record in Canada for the largest amount raised by a sole Black woman founder. Now reaching $15 million raised in total, McGowan is among the most successful VC-backed female founders in North America.
The new capital will fuel engineering and data science innovations on the platform, and grow its sales and marketing teams as it expands further into global markets. Looking to the United States as its next major opportunity, the company is already seeing demand for its enterprise solution among financial, telecommunications, and healthcare institutions where security concerns are mounting.
Protexxa CEO Claudette McGowan said, “When it comes to cyber crime, most leaders think they’re outnumbered, underfunded, and ill-prepared. The fastest way to change that narrative is to activate their greatest strength: people. Protexxa prioritizes people through assessments and training that improve cyber hygiene and create more secure organizations.”
SOURCE: PRNewswire