Secury Secures Additional $ 4.1 Million Seed Funding From Allos

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SYDNEY, Nova Scotia, December 21, 2021 (GLOBE NEWSWIRE) – Security, an information security and data privacy management platform provider, today announced that the company has secured additional seed funding in a $ 4.1 million funding round. dollars led by new investors Allos Ventures and Create companies. Existing investors, including Concrete companies and Hub Angels investment group, also contributed to the tour. A Techstars alumnus, Securicy guides companies in implementing and developing the robust information security and privacy programs needed to sell to businesses and highly regulated industries. For more information, visit, www.securicy.com.

The capital injection crowns a year marked by 3x customer growth and a doubling of the size of the team. The fully remote enterprise currently has more than 20 open career opportunities available.

When targeting business buyers, startups and high-growth organizations face a scrutiny of their information security and stance on privacy. In all aspects of security and privacy, including company policies and procedures, data processing at technical and process levels, and the security architecture of their products, organizations require proof of compliance with industry frameworks and privacy regulations. Few startups have the internal resources or expertise to interpret and meet the necessary requirements, leading them to pay for expensive consultants or rely on “checkbox” compliance solutions. Without the policies, procedures, expertise or resources to maintain a strong security posture, these growing companies risk losing contracts to their competitors and slowing market dynamics.

“While information security and privacy reviews have finally become commonplace in larger sales cycles, we are still seeing too many people in the industry condoning and even allowing ‘rubber stamp’ compliance with SOC. 2 and other frameworks. A superficial level security posture may get you through a few deals, but it builds up security debt that leaves you vulnerable to the security microscopy from third-party vendors that we see more and more. This kind of setback can kill a company’s growth trajectory, ”said Securicy CEO Darren Gallop.

Unlike other products, Security proven offers focus on the simplicity, accessibility and sustainability of security and privacy, enabling startups to embed security and privacy into their business DNA. By providing a programmatic security foundation that grows with the business, Securicy makes it easy to adhere to and demonstrate compliance with evolving security best practices, even when selling to the biggest names in the business.

“Within our own investment portfolio, we have seen how much of a priority information security has become over the past 10 years,” said David Kerr, Managing Director of Allos Ventures. “Security makes enterprise-class security accessible to businesses of all sizes, enabling them to transform security from a potential liability into a competitive advantage. We are delighted to integrate Securicy into the Allos family.

“The Securicy team fully understands both the importance and the challenge of prioritizing security in a start-up business,” said Rob Barbara, general partner at Build Ventures. “Their ability to translate complex recommendations and requirements into a pragmatic and actionable plan sets them apart from other offerings and really sets them up for success. “

To learn more about how we transform information security from a risk to a competitive advantage, visit www.securicy.com.

About security
Securicy simplifies information security and privacy management for B2B software vendors selling to large corporations and highly regulated industries. Customers rely on our platform to provide the structure, guidance, automation and expertise necessary to transform the security of a risk into a competitive advantage, especially as their business grows. Our built-in best practices are explicitly aligned with the requirements of nearly a dozen frameworks and regulations, enabling organizations to quickly prove compliance and gain validation or certification. A TechStars alumnus, the security team is based across North America. For more information visit www.securicy.com.

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