A cybersecurity software company in Westfield has closed on a $1.5 million seed round of funding. Stamus Networks LLC, which also has an office in France, says the round was led by Indianapolis-based VisionTech Angels and Elevate Ventures.
Stamus Networks says its platform more clearly identifies threats by correlating network traffic analysis and threat detection in real time.
Several additional independent angel investors participated in the funding round. Both VisionTech Angels and Elevate Ventures will appoint representatives to Stamus Networks’ board of directors.
“Stamus Networks addresses an important need in the marketplace for enterprise-scale cybersecurity and has created a unique enriched threat hunting solution,” said Vercie Lark, VisionTech Angels investor. “One of the most important factors we consider with any investment is the quality of the management team. Stamus Networks’ team brings a solid track record in the cybersecurity space with both commercial and technical successes.”
Since launching its first product in 2017, Stamus Networks says it has landed a variety of clients, including global financial institutions and a multi-national software company.