What a Plano Cybersecurity Firm's $40M Capital Raise Tells Us About the Region's Ecosystem

A Plano cybersecurity firm will open offices in Los Angeles and New York in a national expansion fueled by its first outside investment.Critical Start said it's raised $40 million from New York private equity firm Sagemount to accelerate its expansion. The company's software detects and investigates computer security alerts.It's the latest Dallas-Fort Worth technology company to score a sizeable private investment this year. Earlier this week, Plano digital banking firm Alkami raised $55 million to continue its growth."As an employee-owned company, Critical Start was looking for a capital partner that understood the market opportunity and valued our culture and focus," CEO Rob Davis said in a statement Wednesday. "Sagemount proved to be the perfect fit."Sagemount partner Michael Kosty described Critical Start as a profitable company that was "successfully attacking the market ... on its own but sought to accelerate product development and partnership opportunities."  Continue reading...