DefenseStorm is a company.
DefenseStorm has raised $15.0M across 1 funding round.
Key people at DefenseStorm.
DefenseStorm was founded by Jeffrey Lunsford (Co Founder & Chairman).
DefenseStorm has raised $15.0M in total across 1 funding round.
DefenseStorm is a cybersecurity company specializing in cyber risk management solutions for financial institutions, particularly banks and credit unions. It offers the DefenseStorm GRID™, a co-managed, cloud-based platform that integrates risk assessment, governance, threat surveillance, fraud prevention, and compliance automation to achieve "Cyber Safety & Soundness" and regulatory readiness like FFIEC CAT and ACET.[1][2][4] Serving the financial services sector, it addresses cyber threats, regulatory pressures, and fraud by consolidating data for real-time visibility, reducing false positives, and providing 24/7 expert support via a Threat Ready Active Compliance (TRAC) Team™, demonstrating strong growth through high customer satisfaction (NPS score of 78) and partnerships like NAFCU Preferred Partner.[2][4]
Founded in 2014 in Alpharetta, Georgia, DefenseStorm (formerly Praesidio) emerged from the recognition that general cybersecurity solutions failed financial institutions' unique needs amid rising cyber threats.[1][4] The company specialized in banking-specific challenges, developing tailored products that combine risk management discipline with industry-focused tools, leading to early traction through loyal customers and proven cyber risk readiness.[4] Pivotal moments include pioneering the first co-managed, cloud-based compliance-automated platform and expanding services like cyber threat intelligence and fraud prevention, evolving into a comprehensive platform backed by multiple Security Operations Centers (SOCs).[2][3]
DefenseStorm rides the wave of escalating cyber threats to financial institutions, amplified by digital banking expansion, regulatory demands (e.g., proposed FDIC rules for faster remediation), and AI-driven attacks, positioning it perfectly as banks upgrade tech and face real-time compliance needs.[4][7][8] Market forces like rising fraud, expanded digital footprints, and the need for specialized FI defenses favor its timing, as general tools fall short against industry-specific risks.[4] It influences the ecosystem by enabling proactive "cyber risk readiness," fostering community intelligence (e.g., shared watchlists), and setting standards for co-managed services that reduce costs while enhancing resilience in a sector handling sensitive financial data.[2][6]
DefenseStorm is poised for accelerated growth amid intensifying regulations and cybercrime evolution, with recent updates like enhanced GRID Active Governance, Account Takeover Fraud Prevention, and risk assessment exceptions signaling ongoing innovation.[8] Trends such as AI-augmented threats, real-time FDIC mandates, and community-driven intelligence will shape its path, potentially expanding to more FI segments or adjacent sectors. Its banking specialization and high NPS position it to deepen ecosystem influence, evolving from defender to indispensable partner in achieving proactive cyber resilience—transforming fear of attacks into confident readiness.[4][7][8]
Key people at DefenseStorm.
DefenseStorm was founded by Jeffrey Lunsford (Co Founder & Chairman).
DefenseStorm has raised $15.0M in total across 1 funding round.
DefenseStorm's investors include FINTOP Capital, Volition Capital.
DefenseStorm has raised $15.0M across 1 funding round. Most recently, it raised $15.0M Series C in June 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2022 | $15.0M Series C | FINTOP Capital, Volition Capital |
