Ataata Announces Successful Closing of $3 Million Series A Round
Tuesday, December 19, 2017, 8:00 am EST
Leading Cyber Security Awareness and Prevention Company Advances Customer-Driven Product Development to Improve Clients’ Security Decisions
Bethesda, MD – Bozeman, MT -- Ataata, a cyber security training platform designed to reduce human error in the workplace, announced the closing of its Series A financing with a $3 million round led by Next Frontier Capital, a Bozeman, Montana based venture firm.
Additional investors include TEDCO, 2M, SaaS Ventures, ARRA Capital and senior leadership from major technology and financial firms. Ataata will use the funds to accelerate customer-driven product development and solidify its position as a leader in cyber security awareness training. Ataata is headquartered in Bethesda, MD with plans to establish a presence in Bozeman.
Since the company's inception in 2016, Ataata's mission has been to deliver engaging, award-winning content employees can relate to and to measure cyber risk training effectiveness by converting behavior observations into actionable risk metrics for security professionals. Traditional risk awareness training does little to combat the suspect judgment and poor cyber risk decisions that can cost companies time and money. Uninformed, disengaged employees make careless security mistakes, which means every company’s biggest security risk may already work in-house. Ataata’s platform empowers employees to reduce that risk.
“We are building Ataata on the premise that informed and engaged employees, who understand why their actions matter, will ultimately make better security decisions,” said Ataata’s CEO, Michael Madon.
“Insightful and impactful content, coupled with real-time risk scoring, is changing the way Ataata’s customers think about cyber risk and helping them reduce costly mistakes caused by human error,” said Richard Harjes, General Partner at Next Frontier Capital. “In short, we believe Ataata will continue to grow as a critical pillar of their clients’ security programs.”
Ataata’s software leverages empirical data to reveal and reduce sources of cyber risk within its firewall.
“Our platform gives our customers a direct line of sight into their employees’ knowledge, engagement and attitude about security,” Madon said. "This funding round is a testament to our exceptional team and will help solidify our product's maturation as we continue on our mission to revolutionize the security industry."
Ataata’s global training platform is revolutionizing the cyber security industry by identifying, scoring and reducing the risks associated with human error in the workplace. Ataata’s intuitive dashboard scores risk, tracks employees' attitudes about security, monitors training performance and shows companies how their workforce stacks up against others in their industry. For more information, visit www.ataata.com
About Next Frontier Capital
Next Frontier Capital is a Bozeman, MT based venture fund focused on providing capital and support to regional technology companies toward achieving national or global impact. Their focus is largely on the software, photonics and biotech companies found in the fast growing Montana and Rocky Mountain technology scene. For more information, visit www.nextfrontiercapital.com