Stamus Networks, a Indianapolis, IN- and Paris, France-based cybersecurity software company, secured $1.5 million in seed financing.
VisionTech Angels and Elevate Ventures, both Indianapolis-based investment groups, co-led the investment round. In addition, several independent angel investors participated. Both VisionTech Angels and Elevate Ventures will appoint representatives to Stamus’ board of directors.
The company intends to use the funds to expand operations and its business reach.
Led by Ken Gramley, CEO, Stamus Networks offers a cyber security solution that illuminates threats by correlating network traffic analysis and threat detection in real time. The system gives security teams visibility and insights into their organization’s security posture and helps them rapidly detect and respond to incidents. Customers include global financial institutions, a multi-national software company, a U.S. public school system, a European managed security service provider, and an international governmental body, among others.