LogicGate secures $8.75M in growth capital to fuel international expansion and new product offerings

2020-12-17 00:15

LogicGate announces it's secured $8.75 million in growth capital from Greenspring Associates and Silicon Valley Bank.

The funding will fuel LogicGate's growth trajectory as the company revenue grew by more than 100 percent in the past year driven by significant customer demand for the Risk Cloud product.

"2020 showed just how important GRC is because of business disruption and exposure to new risks," said LogicGate CEO Matt Kunkel.

"This validates our mission, and I'm more confident in the LogicGate team and our product than ever."

"We saw some amazing milestones in 2020, like the launch of the LogicGate Power User Certification Program, the Risk Crowd User Community, and our first user conference, Agility. We're helping more customers turn risk into a strategic advantage, and we'll continue evangelizing this as LogicGate's mission through 2021.".

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/c9XJBdcuefE/

#expansion