Virginia, USA-based cybersecurity company taking the fear out of vulnerability remediation, trackd raised USD 3.35 million in seed funding. The seed round took place on February 28, 2023. Flybridge led the financing for the company. Meanwhile, Lerer Hippeau, SaaS Ventures, and Expa joined the funding.
Purpose of investment for trackd
The company has plans to accelerate growth and expand its business operations with the latest capital injection.
What the founder has to say
Mike Starr, CEO and Founder of trackd, said, “The dirty little secret in the vulnerability remediation community is that fear of disruption due to patching is largely a psychological remnant of the early days when patching broke things frequently, and, at times, catastrophically. Times have changed, and only a small percentage of patches cause disruption. Still, that perception and fear are difficult to overcome, so trackd’s one-of-a-kind patching experience data at the heart of our platform is built to overcome what is, fundamentally, a human nature challenge.”
What the investors have to add
Isabelle Phelps, Partner at Lerer Hippeau, further said, “Mike has assembled a deeply technical team representing highly relevant, varied backgrounds — including founding open-source contributors and U.S. defence specialists. trackd’s seasoned team is well-positioned to bring the visibility and automation sorely needed in the vulnerability management space.”
Besides, Chip Hazard, General Partner at Flybridge, the lead investor in the seed round, said, “Of all our investment criteria, perhaps the most influential and rarest to find is a founder with unique domain expertise that has developed a truly original and innovative solution. We saw that immediately in Mike and trackd’s approach to rethinking the staid vulnerability remediation technology landscape. There is no more effective way for an organisation to reduce its cyber risk than to patch vulnerabilities quickly, and trackd is making that easier-said-than-done prescription a practical reality.”
What the adopters of trackd have to add
Geoff Gilton, SVP of Technology at Service Credit Union, an early adopter and design partner, further said, “Innovation in vulnerability management has been scarce over the past decade, and trackd is blowing up that narrative with a solution that we believe can have a material impact on remediation timeframes. We’re excited to be part of the process to bring this technology to the infosec community.”
In addition, Stel Valavanis, CEO of onShore Security, another of trackd’s several early adopters, said, “Until now, vulnerability remediation teams have been flying blind and forced to make patching strategy decisions based on gut feel or, effectively, a dice roll. trackd is providing real-world, real-time patch experience data that doesn’t exist today. It will be invaluable to remediation teams starved for resources and under constant pressure to reduce their organisations’ vulnerability risk. We can’t wait to deploy this new solution.”
About the company
In 2022, Mike Starr launched the company. Trackd comprises a team of experienced systems developers, security practitioners, and machine learning engineers. Trackd’s patch management platform records the experience of all patches applied by its users, anonymises that data, and makes it available in real-time to all other users.
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