RADICL, a Boulder-based cybersecurity company, has raised $9 million in new funding to provide enterprise-grade extended threat protection to small-to-medium-sized businesses in America’s defense ecosystem. RADICL aims to address the cybersecurity gaps faced by these SMBs, as they are particularly vulnerable to cyber-attacks, like nation-state actors and ransomware gangs.
The Department of Defense introduced the cybersecurity maturity model certification in 2020 to ensure security compliance for organizations within the defense industrial base. However, due to their complexity and cost, few SMBs have the security programs necessary to meet CMMC standards or defend against cyber threats.
RADICL hopes to solve this issue with its XTP platform. XTP is an AI-augmented virtual security operation center that aims to offers businesses tools for threat monitoring, incident response, vulnerability management, security awareness training and compliance management at an affordable cost.
The latest funding round for RADICL was led by Paladin Capital Group and follows the company’s previous $3 million raise from 2021. The funding will help the company expand platform research and development, build sales and marketing functions and fuel the commercial launch of RADICL XTP.
