Gradient Cyber
CHICAGO / DALLAS — Auctus Capital Partners is pleased to announce its role as exclusive advisor to Gradient Cyber, supporting the leading provider of cybersecurity and security operations as a service (SOCaaS) in securing financing with a revolving line of credit from Revtek Capital. The transaction was led by Auctus and announced by its CEO and Managing Partner Muhammad Azfar.
“Cybersecurity and protecting business infrastructure against major disruption is more important than ever given today’s digital transformation efforts and the often-total reliance on IT infrastructure to transact business,” said Azfar. “We are delighted to have Gradient as our client and excited to continue working collaboratively with its committed management team. The company is well-positioned to be a leader in the SOCaaS space with an advanced combination of technology and service, achieving significant annual recurring revenue growth.”
Gradient is the only security intelligence platform that correlates real-time data and log information with a 500-point analysis that visualizes an organization’s cybersecurity and provides an evidence-based, actionable roadmap to improve security posture. It enables customers to understand a cybersecurity baseline, assess their IT risk, and outsource 24/7 security operations as a service across a complete solution, including network monitoring, log ingestion, intrusion detection systems, endpoint integration, threat management, asset communication discovery, and network data anomaly detection. Its award-winning platform was developed based on prior projects with the U.S. Department of Defense.
“Twenty-four by seven [24/7] security monitoring with extended detection and response [XDR] capabilities are mission-critical for today’s small businesses and mid-market enterprises putting Gradient Cyber at the forefront of a massive shift towards security operations as a service [SOCaaS],” stated Steve Chappell, Chief Executive Officer, Gradient Cyber. “This transaction will help Gradient Cyber accelerate sales growth through increased sales and marketing investment and continued channel growth and product development. Working with Auctus Capital Partners eases and speeds our ability to raise this growth equity investment on favorable terms.”
Working closely with Gradient Cyber, Auctus Capital Partners secured financing from Revtek Capital with a $10MM USD credit facility that provides working capital to facilitate growth as the company caters to needs amid rising incidence of cyberattack and digital transformation induced by the pandemic. The global cybersecurity market is projected to grow from $165.78 billion in 2021 to $366.10 billion in 2028, at a compound annual growth rate of 12 percent.
For more information, visit https://www.gradientcyber.com/.
