Bay Dynamics, a San Francisco, CA-based provider of a cyber risk analytics platform, completed a $23m Series B financing.
The round was led by Carrick Capital Partners, with participation from Series A investor Comcast Ventures, the venture capital affiliate of Comcast Corporation.
The company intends to use the funds to accelerate its national and global growth, go-to-market strategy and drive further innovation.
Led by Feris Rifai, co-founder and CEO, Bay Dynamics provides provider a cyber risk analytics platform for companies to measure, communicate and reduce cyber risk. The company’s flagship analytics software, Risk Fabric®, automates the process of analyzing security information in a traceable, trustworthy and prioritized manner and allows organizations to identify and remediate severe insider threats to their most valued assets. The solution also actively engages all parties from employees to line-of-business application owners to the board, in reducing cyber risk.