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Praetorian is set on a mission to make the world safer and more secure. Praetorian has been recognized on the Inc. 5000 list for six consecutive years because of its strong history of astounding growth.
FREMONT, CA: Praetorian, a cybersecurity company, secured $10 million in Series A round of funding. Bill Wood Ventures and McKinsey & Company, the major investors in the funding round, have entered into a partnership that can help the clients to solve cybersecurity challenges and to secure innovation. McKinsey picked Praetorian for investment because of its client-first culture, organizational sophistication, strong brand reputation, and technical talent density.
Praetorian Founder and CEO Nathan Sportsman said, "Having achieved profitability and cash flow positive operations through eight years of bootstrapping, we had no intention of ever raising outside capital. We had to reexamine that thinking after being introduced to partners that brought value far beyond a capital injection and that were completely aligned with our vision, mission and values. Investors that are not constrained by the mechanics of a traditional fund give Praetorian the flexibility to take a long-term view that aligns client and shareholder interests and that nurtures the experimentation cycles of innovation. Bill Wood and McKinsey share our conviction that there are no shortcuts to building an enduring institution with the client at the center."
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Praetorian is set on a mission to make the world safer and more secure using engineering and expert skills. The company helps leading organizations to solve their intricate cybersecurity issues across their critical enterprise assets and product portfolios. Praetorian has been recognized on the Inc. 5000 list for six consecutive years because of its strong history of growth. The company was also named one of Inc. magazine's Best Workplaces in 2018 and 2019.
Investors shared their perspectives on Praetorian Series A Funding Round."This investment and collaboration complements and extends our existing cybersecurity capabilities. We have been deeply impressed with Praetorian's distinctive capabilities in security architecture and engineering and feel confident that our shared values will allow us to help clients put security at the center of their business strategy. We are delighted to partner with such a world-class team," said Kevin Buehler, Senior Partner and global leader of McKinsey's cybersecurity practice.
Bill Wood, general partner at Bill Wood Ventures, commented, "The cybersecurity industry is one that will never stop growing and one that presents a new window of opportunity almost every day. Praetorian has been selected by the largest companies in the world to help them solve complex security challenges."
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