Fenix24, a Chattanooga, TN-based cyber disaster recovery company, raised $5M in funding.
The round was led by Eos Venture Partners. Zach Powell, General Partner of Eos Venture Partners, will join Fenix24 as a board member.
The company intends to use the funds to scale operations to meet growing market demand for ransomware response and recovery.
Led by CEO Mark Grazman, Fenix24, a sister company of Conversant Group, provides a professional cybersecurity force focused exclusively on restoring companies after cyber breach events. With Fenix24, global cyber carriers, brokers and reinsurers can empower policyholders and target the most critical, damaging parts of a ransomware attack post-breach. Their approach:
- Starts involvement at Hour One post-breach.
- Accelerates the gathering and of essential data for forensics, which enables a more rapid and modularized restoration strategy.
- Drives faster up-time in critical systems through aligning an executive view of business operations with front-line, technical and battle-tested expertise.