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Venture Capital News: NormShield Inks $7.5M Series A Round

BOSTON, MA, NormShield, the cyber risk rating company, announced today the closing of $7.5 million in Series A funding led by Moore Strategic Ventures, LLC (MSV).
The financing round also includes participation from existing investors, Glasswing Ventures and Data Point Capital. Since its inception in 2016, NormShield has secured a combined total of $11.1 million in financing.

NormShield is using the funding to expand its go-to-market capabilities and accelerate the development of its technology platform, which is already used by 145 customers in the global financial, healthcare, retail, and technology sectors. The platform fills a fundamental security gap by making it easy for businesses to non-invasively quantify and monitor cyber risk across thousands of third parties, suppliers and partners. NormShield closes this gap with defensible, clear-cut data and minimal false positives.

NormShield reduces the uncertainty around your cyber risk with a high quality platform that does the work for you. Scalable, all-encompassing, and tailored to identify your problem areas, our platform isn't just another cyber rating tool. It tells you which vendors pose the highest risk to your company without creating more work for you. NormShield is also the only cyber risk rating system that can measure the cost associated with a potential third-party cyber breach, so you can know the risk every organization in your ecosystem poses in dollars and cents.
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