Ostra Cybersecurity Secures $4M in Series A Funding: A Game-Changer for Business and Tech Security
Amplifying Our Commitment: How Investment Translates to Enhanced Cyber Defenses
When it comes to your business’s cybersecurity, one thing is for certain—there’s no standing still. Cyber threats evolve with technology, and as a business owner or IT leader, your resourceful ally in this persistent battle is a managed cybersecurity service that’s dynamic, dependable, and ahead of the threat graph.
Enter Ostra Cybersecurity, a trailblazer in digital protection, now backed by a significant achievement—the successful closure of our Series A funding round, securing over $4 million led by Rally Ventures.
Why This Matters
This funding milestone signifies more than just financial growth. It signals a seismic shift in our approach to managed cybersecurity. With this influx of capital, Ostra is doubling down on its mission to fortify your business defenses proactively, preempting risks before they breach your systems.
Enhancing Our Team
As part of our expansion efforts, Ostra is bolstering our customer-facing teams. From customer success to support and account management, every interaction with our clients is strategically aimed at not just resolving issues but anticipating and preventing them altogether. Readiness, agility, and coordinated responses are all benefits you can expect from our Cybersecurity-as-a-Service (CSaaS) offerings.
Expanding Our Network
Simultaneously, Ostra is ramping up efforts in channel partner development, rallying like-minded organizations to join forces with us. Our expanding channel ecosystem ensures comprehensive coverage across the business landscape, amplifying your defense capabilities at every turn.
Leadership That Listens
Under the guidance of Andrew Tewksbury, Ostra’s new CEO, we are focused not just on technological tools but also on human-centric approaches to security. Andrew’s vision aligns technology with human foresight, ensuring our solutions remain agile, intelligent, and oriented towards the long-term success of your enterprise.
Commitment to Excellence
This investment underscores our unwavering commitment to customer excellence. Funds are being allocated to elevate our customer-facing teams to unprecedented levels, ensuring seamless integration of our solutions and round-the-clock support.
Cultivating Partnerships
Ostra’s spirit is one of collaboration and success, driven not just by funding but by a shared purpose with our clients. This investment allows us to deepen partnerships, tailor solutions, and inject resilience and intelligence into the core of your enterprise architecture.
Beyond Numbers
Our Series A funding is more than just a statistic; it’s an endorsement from industry leaders and investors who recognize Ostra’s pivotal role in cybersecurity. It empowers us to innovate and deliver on promises backed by collective intelligence and tenacity.
Building Trust
Trust is the cornerstone of cybersecurity, and Ostra is committed to fostering transparency and integrity in all our partnerships. Our expanding teams and unwavering dedication testify to this commitment.
The Road Ahead
Looking forward, Ostra is focused on integrating emerging technologies, expanding its industry footprint, and deepening client resilience. Partnering with Ostra isn’t just availing a service; it’s embarking on a journey of continuous evolution and security enhancement. To learn more about how to lean on Ostra as Your Trusted Managed Cybersecurity Team, Contact Us.
Full Press Release:
CYBERSECURITY POWERHOUSE OSTRA ANNOUNCES LARGEST ROUND OF FUNDING TO DATE BRINGING AN ADAPTIVE SOLUTION TO SMBs
Funding led by Rally Ventures will further accelerate Ostra’s rapid growth with investments in numerous customer-facing areas of the business.
MINNEAPOLIS, MINN. / April 09, 2024 / — Ostra Cybersecurity, a company whose holistic and fully managed Security as a Service is revolutionizing how cybersecurity is delivered to small and mid-sized businesses, announced the completion of its Series A funding.
The Series A funding, of more than $4 million in total, was led by Rally Ventures, with participation from founding investor Jeff Cowan. To date, Ostra has raised $10 million from investors, with most funds coming in the past 18 months based on the rapid rise in demand for a complete managed offering tailored to small and mid-sized businesses (SMBs).
This latest funding news follows on the heels of Ostra’s recent announcement that Andrew Tewksbury is the company’s new CEO. Together, these developments will enable Ostra to accelerate its growth while leveraging a channel first model to fulfill its mission of protecting SMBs.
“Today, it’s no longer optional for businesses of all sizes to secure their systems and data,” Tewksbury said. “This latest funding will help us fast-track some key business development and operational initiatives to expand our quickly growing channel partner program and protect a gaping hole in cybersecurity for all SMB clients.”
The most recent round of funding will help fuel Ostra’s go-to-market engine. The company plans to nearly double its customer-facing teams in areas such as account management, channel marketing, customer success, and support. Ostra will also continue to build its US based team in channel partner recruitment and support, based on the momentum generated by ongoing initiatives to attract MSPs and others within the partner community.
“The addition of Andrew Tewksbury strengthens an already exceptional executive team with decades of experience in cybersecurity and strategic operations,” said Michael Jennings, Venture Partner at Rally Ventures. “Ostra fills a crucial gap in the industry for SMBs at a time when change is not just necessary, but inevitable. We’re excited to continue supporting Ostra’s journey and confident their platform will be the go-to solution for SMBs seeking to keep their systems and data secure from cybercriminals.”
About Ostra Cybersecurity
As Your Trusted Cybersecurity TeamTM, Ostra makes cybersecurity simple and accessible to businesses of all sizes. Ostra provides its partners and their clients with multi-layered, comprehensive, and fully managed Security as a Service. Ostra’s proprietary solutions combine Fortune 100-caliber tools, tech, and talent to ensure threats are not only detected and hunted, but also fully remediated.
With a mission to simplify cybersecurity for small to mid-sized businesses, Ostra believes everyone deserves best-in-class data protection—not just big business. For more information, visit www.ostra.net.
About Rally Ventures
Rally Ventures invests exclusively in early-stage business technology companies, focusing on entrepreneurs creating major new markets or bringing transformative approaches to existing ones. Since 1997, Rally Ventures’ partners and venture capital industry veterans have invested in or run early-stage enterprise business-to-business technology companies with a proven ability to deliver superior returns regardless of the overall market environment. For more information visit rallyventures.com.
As Your Trusted Cybersecurity Team, Ostra makes cybersecurity simple and accessible to businesses of all sizes. Ostra provides its partners and their clients with a multi-layered, comprehensive and fully managed Security as a Service.
