US-based real-time file analysis and classification technology producer ReversingLabs closed a $25m series A round on Wednesday co-led by financial services firm JPMorgan Chase and venture capital fund Trident Capital Cybersecurity.
Founded in 2009, ReversingLabs has developed cybersecurity technology that analyses all files on a company’s network, including email attachments, internet downloads and data from other sources, to detect threats, similarities to known malware and customised attacks.
The company was previously self-funded, though it signed a strategic partnership with In-Q-Tel, the investment arm of the US intelligence community, in 2012.
The series A funding will allow ReversingLabs to cope with client demand, expand to additional markets and grow its international reach. Sean Cunningham, managing director of Trident Capital Cybersecurity, will join the board of directors.
Mario Vuksan, chief executive at ReversingLabs, said: “We are excited to welcome Trident Capital Cybersecurity and JPMorgan Chase to our team. They are providing capital that allows us to expand our solutions to customers in new markets and industries.
“Their expertise in cybersecurity is very valuable, and we appreciate their recognising ReversingLabs solutions as a critical component in any enterprise looking to enhance their security posture.”
– The original version of this article appeared on our sister site, Global Government Venturing.