Cybersecurity startup Terbium Labs has raised $6.4 million in venture capital funding, the Federal Hill company announced Monday.
Danny Rogers, Terbium's CEO, said the cash infusion will help the Baltimore company market and improve Matchlight, the system it's developed to detect when stolen information is posted online. Rogers expects to hire five more employees this year, growing his staff by half.
"We have some big plans this year to make our product more widely available," Rogers said in an interview.
The fundraising was led by Boston-based investment firm .406 Ventures and brings the company's total raised to $9.7 million. Greg Dracon, a partner at .406 Ventures who sits on Terbium's board, said he thinks Matchlight will find customers among security teams.
Read more at The Baltimore Sun
from http://baltimoretech.org/news/fed-hill-startup-terbium-labs-gets-6-4-million-in-venture-funding/
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