Greenville Cybersecurity Startup Receives Funding Boost
Greenville-based cybersecurity startup ThreatCaptain has received a $250,000 investment from SC Launch Inc., an investment affiliate of the South Carolina Research Authority (SCRA).
According to a news release, the Greenville-based IT startup offers a financial cyber risk discovery platform designed for managed service providers (MSPs). These providers service other companies on a subscription basis.
ThreatCaptain Inc. became a SCRA Member Company in 2024 and an SC Launch Inc. Portfolio Company upon receiving this investment.
“Cyber-attacks on businesses were forecasted to cost $452 billion last year,” stated SCRA Senior Investment Manager Rob Moser in the release, citing Statista figures. “Unfortunately, the financial impact is projected to grow every year.”
“ThreatCaptain’s unique platform helps MSPs show their clients exactly how much a breach could cost, whether insurance will cover the incident, and how much they need to invest in cybersecurity to stay protected. By equipping MSPs with this financial insight, ThreatCaptain is making it easier for businesses to make informed security decisions and ultimately stay safer.”
ThreatCaptain aims to make cybersecurity a business priority. The platform translates cyber risk into financial risk, which is a challenge that leaves many businesses unaware of the true cost of a breach.
The platform will empower MSPs to help companies strategically allocate their security budgets, ensuring the best protection with limited resources.
“SCRA and SC Launch Inc.’s advisement and funding are enabling us to refine how we help MSPs justify cybersecurity spending to their clients,” said ThreatCaptain Co-founder Adam Anderson in the release. “With 83% of CFOs demanding clear justification for cybersecurity investments, MSPs need better discovery tools and the ability to communicate cyber risk effectively. ThreatCaptain simplifies this process by providing MSPs with the necessary metrics and navigation skills to guide their clients toward smarter, safer security decisions.”
