KO Client RADICL Raises $12M to Deliver Enterprise-Grade Cybersecurity to Underserved SMBs

KO client RADICL, a cybersecurity innovator delivering enterprise-grade extended threat protection to small-to-medium-sized businesses, recently announced that it has raised $12 million in funding.

The latest round was led by Paladin Capital Group and included participation from Access Venture Partners, the DA Ventures Seed Fund (a Denver Angels affiliate), and other strategic angel investors. The funding will be used to expand platform research and development, grow the company’s sales and marketing functions, and support the upcoming launch of RADICL XTP.

“SMB innovators are developing technologies critical to our nation’s economic and national security. These companies are being ruthlessly targeted by nation-state threats, compromising their innovations, data, and operations,” said Chris Petersen, RADICL CEO and Co-Founder of LogRhythm, a next-gen security information & event management (SIEM) provider he successfully exited to Thoma Bravo in 2018. “We founded RADICL to defend against this critical risk. We will deliver desperately needed full-spectrum, enterprise-grade cybersecurity protection, at a price SMBs can afford; protecting them, protecting America.”

KO partner Jennifer Rosenthal, attorney Samantha Pjesky, and paralegal Caitlyn Knudson represented RADICL in the financing. Learn more in the press release and in the Denver Business Journal.