A Vancouver-based startup specializing in security is getting big-time backing from some notable names in the Silicon Valley.
Cmd announced Tuesday (February 26) the close of a US$15-million Series B funding round led by GV.
Formerly known as Google Ventures, GV is best known as the venture capital arm of Google’s parent company, Alphabet, Inc. (Nasdaq: GOOGL).
The raise also featured participation from Amplify Partners and Expa, the later of which being the brainchild of Uber Technologies, Inc. co-founder Garrett Camp.
Cmd CEO Jake King told Business in Vancouver he was “feeling on top of the moon” following the close of the round.
“It was pretty awesome to get early investors coming back,” he said.
“We’re being put in a real fortunate position to be able to work with some great companies and focus on some cutting-edging security technology.”
Cmd’s server security platform is geared towards the enterprise market and is designed to help security experts log, understand, predict and control user behaviour within the Linux operating system.
King, the former security operations lead at Vancouver-based Hootsuite, co-founded Cmd with Expa partner Milun Tesovic in 2016.
The company’s headcount currently sits at 24 employees, while King said he expects growth this year will be “quite substantial.”
“Our ability to grow the business in Vancouver has been incredibly strategic as well, because you typically find the kind of talent that might be good at locking down those systems is locked up in very large organizations,” he said.
Instead, Cmd was able to recruit local talent that otherwise would have been more difficult to come by in a different location, according to King.
With the close of the US$15-million Series B round, Cmd’s total raise stands at US$21.6 million.
GV general partner Karim Faris takes a seat on Cmd’s board of directors following the close of the round.