A Plano cybersecurity firm will open offices in Los Angeles and New York in a national expansion fueled by its first outside investment.
CRITICALSTART said it’s raised $40 million from New York private equity firm Sagemount to accelerate its expansion. The company’s software detects and investigates computer security alerts.
It’s the latest Dallas-Fort Worth technology company to score a sizeable private investment this year. Earlier this week, Plano digital banking firm Alkami raised $55 million to continue its growth.
“As an employee-owned company, CRITICALSTART was looking for a capital partner that understood the market opportunity and valued our culture and focus,” CEO Rob Davis said in a statement Wednesday. “Sagemount proved to be the perfect fit.”
Sagemount partner Michael Kosty described CRITICALSTART as a profitable company that was “successfully attacking the market … on its own but sought to accelerate product development and partnership opportunities.”
Featured in The Dallas Morning News | June 13, 2019