PlexTrac Raises $70M in Series B Funding

PlexTrac, a Boise, Idaho-based cybersecurity software company, raised $70m in Series B funding.

The round was led by Insight Partners, with participation from existing investors Madrona Venture Group, Noro-Moseley Partners and StageDotO Ventures.

The company intends to use the funds to accelerate growth by expanding market reach and increasing brand awareness, while doubling headcount and advancing the product roadmap. 

Led by Dan DeCloss, founder and CEO, PlexTrac provides a cybersecurity platform for consultants, service providers and enterprise teams of all sizes to track and improve their posture across the security lifecycle. The software platform focuses on streamlining the reporting and remediation of cybersecurity risks and aiding efficient collaboration within security teams.