News
April 2022
Venture Debt Financer River SaaS Capital Welcomes Cytellix Corporation to its Growing Portfolio
Ohio investor provides uniquely positioned cybersecurity software firm with crucial capital to drive growth
CLEVELAND – Venture debt financer River SaaS Capital has added software company Cytellix Corporation (Cytellix) to its expanding portfolio of high-growth companies, providing crucial capital to help the Arizona firm scale its patented cybersecurity SaaS platform. River SaaS Capital has agreed to provide up to $5 million in financing based on the terms of the deal.
Launched in 2017 as the cyber division of Information Management Resources, Inc. (IMRI), Cytellix Corporation year-on-year growth enabled a spin-out in 2021 and recently completed a major rebranding effort, highlighting their innovative SaaS platform that brings cybersecurity, compliance, and risk management under one patented platform.
“We are very excited to welcome Cytellix to our portfolio,” said River SaaS Capital Chief Investment Officer Wendy Jarchow. “There are very few companies capable of combining such strong SaaS expertise with decades of proven cybersecurity experience.”
“As we searched for a partner to provide growth capital, we were immediately attracted to River SaaS Capital because of their knowledge in our space,” added Cytellix President and CEO Brian Berger. “They understand how SaaS businesses like ours operate and how to provide the kind of flexible support we need to scale rapidly.”
Cytellix’s patented SaaS platform correlates cyber compliance data, IT, cloud, and IoT assets into a 24/7 advanced threat detection and response platform. Combined with in-house AI solutions and data from third-party security products, the platform can be customized to fit the needs of virtually any user, from small business owners to massive enterprise clients.
This unique solution immediately attracted the attention of River SaaS Capital, whose team has developed a strong understanding of the cybersecurity industry landscape.
“We always try to offer value to our portfolio companies beyond simply writing a check,” said Jarchow. “In this case, we have access to strong cybersecurity experts who can help provide strategic guidance and reach.”
“It’s rare to find an investor that specializes in supporting SaaS Companies and even more rare to find one who also has strong knowledge of our specific industry,” added Berger. “We have a great partner in River SaaS Capital, and we look forward to working together to take Cytellix to the next level.”
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About River SaaS Capital
River SaaS Capital provides alternative venture financing to growing software-as-a-service (SaaS) businesses in the U.S. River SaaS offers fast, flexible financing solutions, typically providing non-dilutive, revenue-based financing to qualified new borrowers in 36-48 month term loans and growing with its portfolio companies over time (via either debt and/or equity). For more information, check out our funding solutions and follow @riversaascap on Twitter.
About Cytellix Corporation
We believe cybersecurity is more than just using technology to solve problems. That is why we have created a first-of-its-kind SaaS platform that brings together the full spectrum of cybersecurity, compliance, and risk management solutions under one umbrella.
Our mission is to protect businesses, small and large from threats unseen. Not just today, but for the future. With a plan of action that minimized time and cost disruption and patented technology that evolves as quickly as the threat evolves, preventing attacks before they occur.
We provide a highly optimized, continually adjusting security framework that supports organizations through their entire life cycle. And we invent technology that solves not just security and compliance problems but business problems. In real-time. At all times.
For more information, please visit https://www.cytellix.com or email: [email protected]
November 2020
George Will Joins IMRI/Cytellix as Senior Director of Cybersecurity Global Sales
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August 2019
We are Proud of our Partner Mercury Systems for excelling in our Cytellix NIST/DFARS Cybersecurity Risk Management Assessment
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May 2019
Cytellix Honored as Bronze Stevie Winner – Standards Based Services for Small to Medium Sized Enterprises
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January 2019
Cytellix Partners with OCTANe to Offer Standards-Based Cybersecurity Services to Partners
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October 2018
Cytellix CEO and President Martha Daniel Inducted into the Black Business Leader Hall of Fame
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September 2018
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July 2018
Cytellix – Announces a Comprehensive Cybersecurity Solution for the Automotive Supply Chain
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Cytellix Cybersecurity Ranked Top 10 Fastest Growing Managed Service Providers of 2018
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June 2018
Cytellix Cybersecurity Honored as Gold Stevie® Award Winner in 2018 American Business Awards®
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January 2018
Cytellix Announces its Cybersecurity Partner Program Targeted for the SMB Market
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October 2017
Cytellix Provides NIST 800-171 Compliance-Based Cybersecurity Services to Manufacturers Nationwide
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August 2017
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July 2017
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June 2017
Cytellix Named ‘Most Innovate Tech Company of the Year’ at the 2017 American Business Awards
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WannaCry Exposes Defense Supply Chain Vulnerabilities
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Cytellix Announces Collaboration with The Michigan Manufacturing Technology Center
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May 2017
Cytellix Cyber Experts Interviewed: Small Businesses & WannaCry Ransomware Attacks
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April 2017
27th Annual Government Procurement Conference
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March 2017
Ask The Thought Leaders: What’s The Future of Cybersecurity?
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February 2017
Cytellix’s latest announcement was featured in @CyberWire’s daily round-up
Cyberwire highlights Cytellix cyber security turnkey program
January 2017
Real –time network health management: Closing the gap between Known and Unknown Threats
Cytellix EVP of Cybersecurity featured in Helpnet Security expert corner
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IMRI Introduces Cytellix Cybersecurity Division as First Line of Defense for Any Business
Leading managed security service provider of cybersecurity capabilities helps small and medium-size businesses understand, detect, identify, monitor and prevent cyber incidents
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December 2016
Cyber Preparedness at the 39th Annual Chapman University Economic Forecast
Martha Daniel, President and CEO provided insight on the cyber intelligence community and how the changes in newly elected officials will drive the sense of urgency to be cyber secure at the 39th Annual Chapman University Economic forecast
View video Here
November 2016
Cytellix featured in Insureon How to Be Cyber Ready
Brian Berger, executive vice president of commercial cybersecurity offers three simple steps to make your business cyber ready: Assessment, Monitoring, & Remediation
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October 2016
OCTANe’s Medical Device & Investor Forum: Medical Device Security Panel
Cytellix’s EVP, Brian Berger joined the MDIF Panel on Securing Medical Devices with colleagues from the Department of Justice, Knobbe, EY, Edwards, and UCI Heath to provide practical ways to reduce vulnerabilities in the health sector.
Read more Here
September 2016
IMRI Appoints Brian Berger EVP of Commercial Cybersecurity, Cytellix
“Brian brings an ideal combination of corporate leadership experience and an extensive background in security, information technology, and data analytics that I believe will help us take our Cytellix division to the next level during this critical period in the company’s growth,” explained Martha Daniel, President and CEO of IMRI. “With cyberattacks on the rise and the increasing complexity of methods utilized to breach the corporate network, vulnerabilities are putting businesses of all sizes and their customers at higher levels of financial and personal risk than ever before. Brian will be key in driving awareness of these emerging vulnerabilities and driving adoption of Cytellix’s powerful cybersecurity services to eliminate the cyber threats.”
Read more Here
