PlexTrac Raises $70M in Series B Funding
- PlexTrac, a Boise, Idaho-based cybersecurity software company, raised $70m in Series B funding
- The round was led by Insight Partners, with participation from existing investors Madrona Venture Group, Noro-Moseley Partners and StageDotO Ventures
- The company intends to use the funds to accelerate growth by expanding market reach and increasing brand awareness, while doubling headcount and advancing the product roadmap
- The company provides a cybersecurity platform for consultants, service providers and enterprise teams of all sizes to track and improve their posture across the security lifecycle
- The software platform focuses on streamlining the reporting and remediation of cybersecurity risks and aiding efficient collaboration within security teams
