December 19, 2023 at 09:39AM
Maryland-based cybersecurity startup Turngate raised $5 million in seed funding from Paladin Capital Group. The company provides IT and cybersecurity professionals with insights into user activity, auditing user activity and validating permissions across digital footprints, accelerating understanding of activities and events, and making it accessible to defenders lacking detailed knowledge. Turngate will use the funds to advance its solution.
Key takeaways from the meeting notes:
– Turngate, a Maryland-based cybersecurity startup, has secured $5 million in seed funding from Paladin Capital Group.
– The company was founded earlier this year with a mission to provide IT and cybersecurity professionals with insights into user activity for investigations.
– Turngate’s solution helps audit user activity and validate permissions across organizations’ digital footprints, including SaaS and IaaS platforms.
– Their solution accelerates the understanding of activities and events, visualizes complex log data, and enables faster security investigations.
– Turngate aims to provide clarity for effective cybersecurity incident management and resilience.
– CEO Bruce Potter plans to invest the new funds to advance Turngate’s solution for better organizational clarity.