Binary Defense Systems

Overview
News
Next-gen Cybersecurity?
Product stageSegments
Expansion
?
Managed detection and response (MDR)
?

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.

HQ location:
600 Alpha Parkway Stow OH USA
Founded year:
2014
Employees:
101-250
IPO status:
Private
Total funding:
USD 36.0 mn
Last Funding:
USD 36.0 mn (Private Equity; Nov 2022)
Last valuation:
-
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Company profile
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