Abacode, a cybersecurity and compliance services firm, raised $4.85 million in Series A funding.
The funding round was led by Ballast Point Ventures (BPV).
As part of the investment, Sean Barkman, partner at Ballast Point Ventures, will join the Abacode board of directors.
Abacode says that it has specific expertise in proactively monitoring, detecting, and responding to cyber threats in real-time through its 24/7 security operations center. The company also provides a suite of governance, risk, and compliance readiness services, helping companies prepare for third-party audits and certifications.
“The Abacode team has made great progress growing its customer base, service offering, and organization during the Company’s short history,” said Sean Barkman.
“This is an exciting opportunity for BPV to partner with an impressive management team we have known for a few years now who are building a leading compliance-oriented cybersecurity business in a dynamic industry segment,” added Sean.
According to the company, the funds will be used to scale its sales, security operations center, and project execution teams, broaden its marketing efforts and further enhance its technology-enabled service offering.