Subscribe to Email Updates

    Investment | 2 min read

    Venture Debt Financer River SaaS Capital Welcomes Cytellix Corporation to its Growing Portfolio

    View the full post on prweb.com

    CLEVELAND (PRWEB) 

    Venture debt financer River SaaS Capital has added software company Cytellix Corporation (Cytellix) to its expanding portfolio of high-growth companies, providing crucial capital to help the Arizona firm scale its patented cybersecurity SaaS platform. River SaaS Capital has agreed to provide up to $5 million in financing based upon the terms of the deal.

    Launched in 2017 as the cyber division of Information Management Resources, Inc. (IMRI), Cytellix Corporation year-on-year growth enabled a spin-out in 2021 and recently completed a major rebranding effort, highlighting their innovative SaaS platform that brings cybersecurity, compliance and risk management under one patented platform.

    “We are very excited to welcome Cytellix to our portfolio,” said River SaaS Capital Chief Investment Officer Wendy Jarchow. “There are very few companies capable of combining such strong SaaS expertise with decades of proven cybersecurity experience.”

    “As we searched for a partner to provide growth capital, we were immediately attracted to River SaaS Capital because of their knowledge in our space,” added Cytellix President and CEO Brian Berger. “They understand how SaaS businesses like ours operate and how to provide the kind of flexible support we need to scale rapidly.”

    Cytellix’s patented SaaS platform correlates cyber compliance data, IT, cloud and IOT assets into a 24/7 advanced threat detection and response platform. Combined with in-house AI solutions and data from third-party security products, the platform can be customized to fit the needs of virtually any user, from small business owners to massive enterprise clients.

    This unique solution immediately attracted the attention of River SaaS Capital, whose team has developed a strong understanding of the cybersecurity industry landscape.

    View the full post on prweb.com

    Related Categories

    Investment

    Let Us Know What You Thought about this Post.

    Put your Comment Below.

    You may also like:

    Investment Orange County Start Up

    Neal Rickner of Elevation Ventures Interviewed at BNEF Summit

    Neal Rickner, Managing Partner of Elevation Ventures recently was interviewed at the BNEF Summit. In the interview, he d...

    Investment Success Story Business Accelerator

    LaunchPad Alumni, NERv raises $2.65 million USD Seed Round as Medtech industry verges on the intersection of AI and data

    Post originally from newswire.com

    Investment Business Resource

    Market Update for the U.S. and Canada

    Welcome to the new quarterly capital markets update for the U.S. and Canada.