All posts tagged: Guardz

Guardz collects M to expand its AI-based security platform for SMBs

Guardz collects $18M to expand its AI-based security platform for SMBs

Thanks to advances in AI, small and medium businesses have become a significant target in the world of cybercrime, accounting for roughly half of all breaches worldwide by some estimates. Now, one of the companies building security tools for SMBs has raised a round of funding to expand its business, underscoring the demand in the market for better defenses. Guardz, an Israeli startup that has built an all-in-one security and cyberinsurance service for small and medium businesses, has raised another $18 million in a Series A round of funding. The company emerged from stealth less than a year ago (at the end of January 2023), and since then it has had a bit of a pivot. It’s no longer selling directly to SMBs but is working with managed service providers that in turn sell and manage IT services for SMBs. MSPs, it found, were the primary route to getting their product to get used by SMBs (meaning direct business was not taking off). Now those MSPs are able to build their own offerings “powered” by …

Guardz emerges from stealth with M for SMB security and cyber insurance to protect against attack-as-a-service breaches

Guardz emerges from stealth with $10M for SMB security and cyber insurance to protect against attack-as-a-service breaches

Small and medium businesses have become a growing target for malicious online hackers in recent years, currently accounting for between 43% and 61% of all security breaches and some $7 billion annually in related losses, according to different estimates. Today, a startup called Guardz is emerging from stealth with a two-part offering aimed at protecting them: a SaaS-based set of low-code security tools designed for businesses using cloud services, designed to be implemented without any specific security or advanced technical expertise; and insurance to help cover organizations in cases where something is disrupted. The startup is launching initially in the U.S., and along with that, it’s announcing $10 million in funding. The funding is coming on the heels of some very early traction. In a closed beta, Guardz says it has already picked up 300 customers. The average number of employees in its current cohort of users is 30-40 per business, and the plan is to target organizations of between 10 and 250 people, with initial plans starting at $9/user/month. The funding, meanwhile, is coming …