TerraEchos, a Missoula, MT –based provider of real-time security solutions, has closed a $1.55m seed financing.
The round was led by Flywheel Ventures, with participation from strategic investors including S&K Technologies, a Confederated Salish and Kootenai Tribally-owned company, and GCS Research, a leader in geospatial IT solutions.
The company intends to use the capital to expand its software development team and business development presence for key US Government security customers. TerraEchos is focused on markets where customers face a critical need for quick detection and response to threats. Examples include the US defense and intelligence communities, energy smart grids, nuclear facilities, pipeline networks, and other cyber-physical infrastructure.
TerraEchos’ flagship solution is Kairos™, a software system that leverages the IBM InfoSphere Streams platform with proprietary analytic code to analyze big data — high volumes of structured and unstructured text, voice, video, sensor and other data — to detect threats and anomalies in real time as that data streams across networks.
The company, which is led by CEO and CTO Dr. Alex Philp, TerraEchos, is adding Bill Hartman as President and Chief Operating Officer.
FinSMEs
07/02/2012