Bandura Systems, a Columbia, Md. and St. Louis, Missouri-based developer of a threat intelligence gateway (TIG), closed a $3.5m seed funding round.
Backers included Blu Ventures, Gula Tech Adventures, the Maryland Tech Development Corp. (TEDCO), Prosper Women Entrepreneurs (PWE), SixThirty, SixThirty Cyber and UMB Financial Corporation.
The company will use the funds to support the demand for Bandura Systems PoliWall® TIG™.
Bandura’s PoliWall™, developed in part with the U.S. Department of Defense, is a Threat Intelligence Gateway platform used by organizations worldwide for the automation and control needed to operationalize hundreds of million threat indicators blocking known threats before they even reach the network firewall. Underlying Bandura’s technology are more than 50 issued and pending patents.
Bandura is led by Chris Fedde, CEO, and Todd Weller, Chief Strategy Officer.