Binary Defense Systems, which was previously bootstrapped, provides an MDR platform that uses a human-driven Security Operations Task Force to proactively detect threats, investigate alerts, and recommend remediation actions to contain the threat. The company’s enterprise defense portfolio also comprises security information & event management (SIEM), advanced threat hunting, and counterintelligence.
The company’s Security Operations Center (SOC) provides real-time detection and response capabilities 24/7/365. It identifies abnormal patterns and analyzes behaviors to protect customers against threats.
Key customers and partnerships
Binary Defense Systems serves customers in the education, finance, healthcare, legal, manufacturing, retail, technology, and government sectors. As of November 2022, the company served more than 100 customers.
Funding and Financials
In November 2022, the company raised USD 36 million in a growth equity funding round led by Invictus Growth Partners. The funds were utilized to accelerate its sales and marketing to drive customer acquisition, expand machine learning capabilities, and broaden its partner ecosystem.
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