TrapX
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2023 |
---|---|---|---|---|
Revenues | 3.7m | 5.0m | 5.0m | 2.5m |
% growth | - | 35 % | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$5.0m | Series A | ||
$5.0m | Series A | ||
* | $9.0m | Series B | |
$5.0m | Series B | ||
$9.6m | Series B | ||
* | $18.0m | Series C | |
Total Funding | $51.6m |
Recent News about TrapX
EditTrapX Security specializes in advanced cybersecurity solutions using deception technology to protect organizations from cyber threats. The company serves a diverse range of clients, including large enterprises and government agencies, operating primarily in the cybersecurity market. TrapX's business model revolves around providing both cloud-based and on-premises solutions that enrich attack intelligence with real-time, anonymized data from their customer community. This approach dynamically enhances clients' deception strategies, making it harder for cyber attackers to succeed. TrapX generates revenue through subscription-based services and licensing fees for their software solutions. The company addresses critical issues such as surface expansion, blind spots, and risk exposure, which have been exacerbated by digital transformation. By simplifying the adoption of frameworks like MITRE ATT&CK, TrapX helps organizations optimize their security operations despite limited staff capacity and resources.
Keywords: cybersecurity, deception technology, threat detection, risk mitigation, cloud solutions, on-premises, attack intelligence, MITRE ATT&CK, digital transformation, security operations.