Herasoft, an American startup that seeks to provide ransomware-proof to organisations, announced in the 2nd week of March 2021 that it has raised US $ 5 million in its Series A round. The round was led by United Capital Management of Kansas.
Investors: The lead investor, United Capital Management of Kansas, is a financial planning firm that was founded in 2003 by Chad Koehn. It primarily offers advice on finances, asset management, trust services and insurance options to its customers.
“Our goal is to establish lifelong relationships not only with our clients but with their families and others that are important to them. We develop a community of clients that know and interact with each other. At United Capital Management we truly believe our business is one big family”— United Capital Management describing what makes it different.
Purpose of the investment: Herasoft plans on utilising the investment to further develop its software, scale up itself and focus on its sales and marketing.
About Herasoft: Herasoft was founded in 2019 with its headquarters in Houston, Texas. It was actually spun out of AnthemGold, a cryptocurrency based platform that allows people to buy gold using its blockchain technology.
On average a ransomware attack is estimated to occur in the world every 11 seconds, and the global ransomware costs are estimated to reach US $ 20 billion this year. Herasoft seeks to exploit this growing market which has during the previous year seen a lot of growth owing to the pandemic enforced remote working conditions. It enables organisations using cloud-based systems and software to shield themselves from all forms of cyberattacks
What investors and the CEO have to say:
“After understanding what Anthem had developed I said, ‘forget your software, I want to send you as much as I can scrape up for shares in your company’ “–Chad Keohn, founder of United Capital Management of Kansas.
“We focus on helping make governments and private enterprises really have trusted software and trusted communications”–Anthem Blanchard, CEO of Herasoft.
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