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Onapsis is the latest in cybersecurity startups to gain major venture capital. The seller of security software for big businesses has raised $17 million in new capital to support its research and development, sales and marketing and customer support divisions.
Onapsis is the latest in cybersecurity startups to gain major venture capital. The seller of security software for big businesses has raised $17 million in new capital to support its research and development, sales and marketing and customer support divisions.
According to Beta Boston:
The startup, which also has offices in South America and Europe, plans to grow from about 80 employees to more than 100 by year’s end, chief executive Mariano Nunez said. Onapsis has now raised about $30 million since its founding in 2009.
Onapsis’ software helps companies pinpoint weak spots and identify digital attacks in human resources, supply-chain management, and other behind-the-scenes software programs that big businesses rely on to manage their operations. Those underlying programs are supplied by companies like SAP, which Onapsis works with to identify potential security problems, Nunez said.
Although these applications are critical to their bottom line, many businesses haven’t focused on securing the programs themselves until relatively recently, Nunez said. That’s due in part to broader cybersecurity trends, which have previously focused on securing company networks and individual devices, such as computers or smartphones.