RADICL, a Boulder-headquartered Cybersecurity-as-a-Service provider, has raised $31 million in a Series A funding round led by Paladin Capital Group, with additional participation from Access Venture Partners, Denver Ventures and Cervin Ventures.
According to a news release, RADICL plans to use the funding to advance its autonomous virtual security operations center, designed for small and mid-sized businesses supporting the U.S. Defense Industrial Base. The vSOC combines AI, human operators and managed service providers into a software-led platform that helps users strengthen compliance and improve their cybersecurity posture at their own pace.
“SMBs have historically been left behind when it comes to robust security operations and defense-in-depth. They simply cannot afford best-in-class technology nor talent and have gone without or adopted lower-quality options. An AI-enabled threat tsunami is on the horizon for SMBs as AI accelerates threat actors and widens their target aperture. It is imperative that SMBs, especially those that support U.S. national security, have better options to choose from. RADICL was founded to address this critical concern and is fighting AI with AI, delivering comprehensive and strong cyber defense with an experience and price point ideal for the SMB buyer,” Chris Petersen, co-founder and CEO of RADICL, said in a statement.
