Fidelis Cybersecurity builds Active eXtended Detection and Response (XDR) and proactive cyber defense solutions that deliver detection, deception, and automated response across cloud, network, and endpoints. The product offers deep, dynamic asset discovery, multi-faceted context and risk assessment to provide full visibility across hybrid environments. Features include deception, advanced threat detection, incident response, exposure prevention and compliance capabilities. Fidelis is trusted by Fortune 100 firms and government agencies worldwide and is described by investors as a stable business with low client churn. The company plans to use additional capital to continue product development, build out operational infrastructure, and fuel growth. Runway Growth Capital has been a partner since May 2021, underscoring a multi-year investor relationship. Fidelis Cybersecurity, based in Bethesda, Md., sells the Fidelis Elevate unified security platform that delivers automated detection and response across networks, endpoints, cloud and enterprise IoT. The Elevate platform includes Fidelis Network, Fidelis Endpoint and Fidelis Deception, and is paired with a 24x7 MDR service staffed by security experts. The company says its MDR and platform leverage patented technology to analyze rich network and endpoint metadata, content, behavioral and asset characteristics to aid hunting and investigations. Recent bookings in the company’s second quarter included 15 of the Fortune 500, 20 of the Forbes Global 2000 and 10 U.S. and foreign government agencies. Fidelis plans to use new funding to extend product innovation, deepen integrations across its platform, expand go-to-market coverage and scale its 24x7 MDR service. Fidelis Security Systems develops network-security solutions focused on extrusion (data exfiltration) prevention, aimed at stopping leaks of sensitive data such as credit card information. The company is based in Bethesda, Maryland, and was founded in 2002. Its product focus is on protecting large enterprises from data loss through network-based detection and prevention. The firm has taken only two full venture rounds to date; this recent financing represents the second full venture round. The company received a $22 million investment in the current fundraise. Investors in the round include Tudor Ventures as lead, new investor Point Judith Capital, and returning backers Inflection Point Ventures, Ascent Venture Partners, and the Maryland Venture Fund.

Total raised

$47M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2018