Former NSA engineer’s cybersecurity startup, Trackd, secures $3.35M in seed funding round

Trackd, an enterprise cybersecurity solution, was founded by Mike Starr, a former engineer at the National Security Agency (NSA). The company has recently raised $3.35M in seed funding, with Flybridge leading the investment round and other companies like Lerer Hippeau, SaaS Ventures, and Expa also participating.

Trackd’s platform specializes in vulnerability and patch management, allowing IT and security teams to work together and maintain the best security standards across all software applications. This collaboration also enables quick response to any potential security threats.

When software code contains errors or becomes outdated, it can create vulnerabilities that could be exploited by cybercriminals to gain access to sensitive data or systems. To address these vulnerabilities, security teams must install software updates, known as patches, to ensure that the system remains secure and protected.

Applying patches in a timely manner is therefore a critical part of cybersecurity defense strategy, but one which is underutilized all too often. Security teams are often reluctant to upload software patches due to concerns about the patch breaking essential network functionality and impacting business continuity in turn.

Thankfully, trackd has a way to improve this situation. The company’s patch management platform records when and where patches are applied by users, anonymizes the data and makes it available in real-time to all other users. This means that if a patch is disruptive all vulnerability remediation teams on the platform will receive immediate information on the faulty patch. In this way, teams can apply critical software updates quickly and confidently.

“The dirty little secret in the vulnerability remediation community is that fear of disruption due to patching is largely a psychological remnant of the early days when patching broke things frequently, and, at times, catastrophically,” said Mike Starr, CEO and Founder of trackd. 

“Times have changed, and only a very small percentage of patches cause disruption, but that perception and fear is difficult to overcome, so trackd’s one-of-a-kind patching experience data at the heart of our platform is built to overcome what is, fundamentally, a human nature challenge,” he added. 

48% of all apps have high-risk vulnerabilities due to open source software. Solutions like trackd will help enterprises and security agencies to keep ahead of these vulnerabilities without affecting network functionality. 

The global cyber security market was valued at $139.77 billion in 2021 and is projected to grow to $376.32 billion by 2029, at a CAGR of 13.4% during the forecast period.

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *