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§ Private Profile · Alpharetta, GA, USA
Cybersecurity provider offering risk management, compliance, and fraud solutions for US regional banks, credit unions, and fintechs.
DefenseStorm has raised $57.2M across 5 funding rounds.
Key people at DefenseStorm.
DefenseStorm was founded in 2014 by Jeffrey Lunsford (Co Founder & Chairman).
DefenseStorm has raised $57.2M in total across 5 funding rounds.
DefenseStorm is a United States-based technology company that provides specialized cybersecurity, risk management, compliance, and fraud prevention solutions exclusively for regional banks and credit unions. The organization operates the GRID Active platform, a software-as-a-service offering that unifies managed detection and response capabilities with risk governance, supported by a continuous security operations center. Serving the domestic financial services and fintech sectors, the company maintains high customer satisfaction metrics, highlighted by a Net Promoter Score of 78. DefenseStorm is backed by venture capital funding from several prominent institutional investors, including CIBC Innovation Banking, Curql, Georgian, JAM FINTOP, and TTV Capital. The enterprise utilizes this financial backing to accelerate strategic growth initiatives and enhance platform scalability for its financial clients. Additionally, the firm was recognized as a 2022 Top Workplace by the Atlanta Journal-Constitution based on direct employee feedback.
DefenseStorm has raised $57.2M across 5 funding rounds. Most recently, it raised $15.0M Series C in June 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2022 | $15M Series C | John Philpott | FINTOP Capital, Volition Capital | Announced |
| Nov 16, 2021 | $5M Venture Round | Nick Evens | — | Announced |
| Nov 24, 2020 | $19M Venture Round | Alex Manea | Paul Gibson, Mark Johnson | Announced |
| Jul 15, 2019 | $15M Series A | Justin Lafayette | — | Announced |
| Oct 13, 2015 | $3.2M Venture Round | — | — | Announced |
DefenseStorm was founded in 2014 by Jeffrey Lunsford (Co Founder & Chairman).
DefenseStorm has raised $57.2M in total across 5 funding rounds.
DefenseStorm's investors include John Philpott, FINTOP Capital, Volition Capital, Nick Evens, Alex Manea, Paul Gibson, Mark Johnson, Justin LaFayette.
DefenseStorm is a cybersecurity company specializing in cyber risk management solutions for financial institutions, particularly banks and credit unions. It offers the DefenseStorm GRID™, a co-managed, cloud-based platform that integrates risk assessment, governance, threat surveillance, fraud prevention, and compliance automation to achieve "Cyber Safety & Soundness" and regulatory readiness like FFIEC CAT and ACET.[1][2][4] Serving the financial services sector, it addresses cyber threats, regulatory pressures, and fraud by consolidating data for real-time visibility, reducing false positives, and providing 24/7 expert support via a Threat Ready Active Compliance (TRAC) Team™, demonstrating strong growth through high customer satisfaction (NPS score of 78) and partnerships like NAFCU Preferred Partner.[2][4]
Founded in 2014 in Alpharetta, Georgia, DefenseStorm (formerly Praesidio) emerged from the recognition that general cybersecurity solutions failed financial institutions' unique needs amid rising cyber threats.[1][4] The company specialized in banking-specific challenges, developing tailored products that combine risk management discipline with industry-focused tools, leading to early traction through loyal customers and proven cyber risk readiness.[4] Pivotal moments include pioneering the first co-managed, cloud-based compliance-automated platform and expanding services like cyber threat intelligence and fraud prevention, evolving into a comprehensive platform backed by multiple Security Operations Centers (SOCs).[2][3]
DefenseStorm rides the wave of escalating cyber threats to financial institutions, amplified by digital banking expansion, regulatory demands (e.g., proposed FDIC rules for faster remediation), and AI-driven attacks, positioning it perfectly as banks upgrade tech and face real-time compliance needs.[4][7][8] Market forces like rising fraud, expanded digital footprints, and the need for specialized FI defenses favor its timing, as general tools fall short against industry-specific risks.[4] It influences the ecosystem by enabling proactive "cyber risk readiness," fostering community intelligence (e.g., shared watchlists), and setting standards for co-managed services that reduce costs while enhancing resilience in a sector handling sensitive financial data.[2][6]
DefenseStorm is poised for accelerated growth amid intensifying regulations and cybercrime evolution, with recent updates like enhanced GRID Active Governance, Account Takeover Fraud Prevention, and risk assessment exceptions signaling ongoing innovation.[8] Trends such as AI-augmented threats, real-time FDIC mandates, and community-driven intelligence will shape its path, potentially expanding to more FI segments or adjacent sectors. Its banking specialization and high NPS position it to deepen ecosystem influence, evolving from defender to indispensable partner in achieving proactive cyber resilience—transforming fear of attacks into confident readiness.[4][7][8]
Key people at DefenseStorm.