Ostra
  • Email Sign Up
  • Contact
  • Home
  • Technology
  • Clients
  • Partners
  • About
    • Careers
  • Blog
  • Contact
  • Search
  • Menu Menu

PRESS RELEASE: Ostra Cybersecurity Secures Capital to Bring Fortune 100-Caliber Protection to Small and Mid-Sized Businesses

November 16, 2022/in Security /by Hayley Milless

Funding led by Rally Ventures will fuel growth and strengthen channel partner relationships.

[Minneapolis, Minn., Nov. 16, 2022] – Ostra Cybersecurity, a company that provides a multi-layered, comprehensive and fully managed solution to simplify cybersecurity for small to mid-sized businesses, announced that they have recently raised $3.5 million in Series A funding led by Rally Ventures, with participation from founding investor Jeff Cowan.

More than 75% of cyber attacks target small and mid-sized businesses (SMBs) with the average total cost of a data breach reaching nearly $3 million in 2021. It’s critically important for businesses of all sizes to keep systems and data secure from cybercriminals, but best-in-class, enterprise-grade protection has not always been accessible or affordable for most SMBs.

Ostra’s comprehensive solution provides SMBs with access to cybersecurity that rivals the type of protection the world’s largest companies rely on. Ostra combines the latest generation of cybersecurity tools, technology and talent into one fully managed service that protects against email threats, ransomware attacks, malware infiltration and more.

The funding will support Ostra’s business development and operational initiatives to strengthen and expand its channel partner relationships. “This investment helps us navigate a time of rapid growth while continuing to provide breakthrough solutions as the trusted cybersecurity team for our clients and partners,” said Paul Dobbins, Chief Growth Officer with Ostra.

“Every business should have access to best-in-class data protection,” said Ostra Cybersecurity President Joe Johnson. “Cybercriminals are increasingly going after SMBs and Ostra is passionate about ensuring they have what they need to protect their data so clients can sleep at night knowing our team is fully managing their security environment.”

“Cybersecurity challenges are overburdening SMBs. Ostra delivers big company technology to make cybersecurity accessible to businesses of all sizes,” said Michael Jennings, Venture Partner at Rally Ventures. “The Ostra executive team are entrepreneurs with decades of experience in cybersecurity and strategic operations. We look forward to joining them in their mission to simplify cybersecurity for SMBs.”

About Ostra Cybersecurity

Ostra Cybersecurity provides a proprietary solution that combines Fortune 100-caliber tools, tech, and talent to ensure threats are not only detected and hunted, but also fully remediated. Ostra was founded in 2018 by Michael Kennedy, a cybersecurity innovator who previously led a $100 million global security initiative for one of the world’s largest healthcare providers. Kennedy recognized that small and medium-sized businesses (SMBs) were increasingly being targeted by cybercriminals. He built Ostra Cybersecurity on a mission to simplify cybersecurity and better protect SMBs. To learn more about Ostra Cybersecurity, visit 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.

 

Read the full Press Release

Tags: cybersecurity, MSPs, ostra cybersecurity
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share on Tumblr
  • Share on Vk
  • Share on Reddit
  • Share by Mail
You might also like
Smaller Companies are Bigger Targets for Cybercriminals
Phishing in a Pandemic
With cyberattacks up during COVID-19, Ostra offers free cybersecurity solution for local businesses
Ransomware Gang Attacks Billion-Dollar U.S. Liquor Maker
Twitters Biggest Threat: Its Own Employees
Garmin Hit by 4-Day Ransomware Attack

Subscribe to our Newsletter

Recent Posts

  • Protecting What We Value: Why Data Privacy Is Worth the Effort
  • Ostra Cybersecurity Expands Partner Success Team
  • Ostra’s Year in Review
  • Ostra Cybersecurity Adds Director for Rapidly Expanding Channel Partner Network
  • Employee Spotlight: Eunice Asemnor, Security Analyst
  • PRESS RELEASE: Ostra Cybersecurity Secures Capital to Bring Fortune 100-Caliber Protection to Small and Mid-Sized Businesses
  • “Who Can You Trust” – A Hacks and Hops Session Recap
  • Why Businesses Keep Losing the War on Cyber Terror: Part 3
  • Why Businesses Keep Losing the War on Cyber Terror: Part 2
  • Why Businesses Keep Losing the War on Cyber Terror: Part 1

Archives

Contact

Ostra Cybersecurity, Inc.
6101 Baker Rd
Suite 202
Minnetonka, MN 55345

contact@ostra.net    (866) 336-7872

Subscribe to our Newsletter

Get Social

© 2023 Ostra Cybersecurity, Inc. -
  • Website Terms & Conditions
  • Privacy Policy
  • Terms of Service
Scroll to top

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

Accept

Cookie and Privacy Settings



How we use cookies

We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.

Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.

Essential Website Cookies

These cookies are strictly necessary to provide you with services available through our website and to use some of its features.

Because these cookies are strictly necessary to deliver the website, refuseing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.

We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.

We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.

Other external services

We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.

Google Webfont Settings:

Google Map Settings:

Google reCaptcha Settings:

Vimeo and Youtube video embeds:

Privacy Policy

You can read about our cookies and privacy settings in detail on our Privacy Policy Page.

Privacy Policy