FOR IMMEDIATE RELEASE | December 09, 2021
cyberconIQ Announces the Closing of Founders Series Preferred
Closing of its most recent $1.0M fund-raising round providing additional working capital from both existing shareholders and new strategic investment partners
YORK, PA – December 09, 2021 | cyberconIQ today announced the closing of its most recent $1.0M fund-raising round providing additional working capital from both existing shareholders and new strategic investment partners. This additional investment is targeted at continuing to accelerate sales growth, and to facilitate the launch of Advisory and Managed IT Services. Making our full suite of products available as a managed services positions the company to participate in one of the fastest-growing vertical segments of the total cybersecurity market.
Investor interest in this private offering validates the distinction that cyberconIQ brings to the growing market for products that contribute to organization resilience in the face of ever-increasing cybersecurity threats. Our patented and proprietary solutions deliver measurable risk mitigation and a proven risk-adjusted return-on-investment for our clients.
Alongside previous investments from Ben Franklin Technology Partners (State College, PA) and a new investment in this round by White Rose Ventures (York, PA), cyberconIQ continues to benefit from strong regional support. According to Martin Fedorko, Managing Partner of White Rose Ventures: “our fund’s mission is to create and support economic renewal in south central Pennsylvania. This initial investment represents the beginning of our relationship with cyberconIQ as testament to the importance of supporting local entrepreneurial firms in achieving their global growth aspirations without having to ever leave the region.”
Says Dr. James Norrie, Founder & CEO of cyberconIQ: “Our management team is excited to begin this next phase of scaling our global impact using our proven ability to change employees’ online behavior to dramatically mitigate online risks for organizations, particularly against ransomware attacks that continue to inflict such significant economic damage on businesses”.
To learn more about our innovative solutions, visit www.cyberconiq.com.
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cyberconIQ, Inc. through its patented research, offers a full suite of SaaS based solutions that are proven to measurably reduce the probability of a human factors cybersecurity breach. Operating at the intersection of technology and psychology, cyberconIQ embeds proven behavioral science methods targeting changes in on-the-job behavior. cyberconIQ solutions reduce the probability of successful cyber breach by educating more effectively and more efficiently through style-aligned adaptive training and reduces the total cost of a breach through our platform’s ability to measure people, process, and technology maturity against bench-marked best practices. Visit cyberconIQ.com to learn more or email us to book a demo today at info@cyberconIQ.com.
cmartinez@cyberconIQ.com | (717) 699-7305