The $21.9m in funding will enable Red Balloon Security, based on research at Columbia University, to increase its business operations.
US-based cybersecurity company Red Balloon Security has secured $21.9m in series A funding from investors including American Family Ventures, the corporate venturing vehicle of insurance provider American Family.
Bain Capital Ventures led the round, while Greycroft and Abstract Ventures also contributed cash. The company has now raised $23.5m in funding, according to its latest press release, but did not offer additional details about earlier deals.
Founded in 2011, Red Balloon has developed a cybersecurity platform, Symbiote Defense, that detects, mitigates…
