Invictus Growth Partners Leads $36M Growth Investment in Binary Defense
November 2, 2022
Invictus Growth Partners led a $36 million growth equity investment in Binary Defense Systems to accelerate the company's go-to-market, expand machine learning capabilities, and build a Managed Open XDR offering. Binary Defense, a Cleveland-area managed detection and response provider founded by David Kennedy and Mike Valentine, will use the capital to scale sales and marketing, broaden partnerships, and enhance its technology-enabled security services.
- Buyers
- Invictus Growth Partners
- Targets
- Binary Defense Systems, Inc.
- Industry
- Cybersecurity
- Location
- Ohio, United States
- Transaction Type
- Growth capital
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