Transactions
April 2018
Boston, MA
received a series B investment including
Boston, MA
Background
We are pleased to announce Marlin & Associates’ involvement with another successful capital raise transaction.
empow, a cybersecurity startup provider of an intent-based orchestration platform powered by AI and machine learning analytics, raised $10mm in its series B funding that included new investor Ascent Venture Partners and current investors. At the same time, Peter George, who has led multiple cybersecurity companies is joining as CEO. Founder Avi Chesla will move to CTO, and will focus on empow’s SIEM technology platform.
empow plans to use the funds to extend the reach of its next-generation SIEM and expand global sales, marketing and finance operations in Boston.
"We would like to thank the Marlin & Associates team” said Avi Chesla, Founder of empow. “They brought a deep understanding of our unique technology. Their network of active investors and players in cyber has been instrumental to securing this key investment. We are very excited about the prospects for empow with Ascent 's participation in this round of funding.”
We are pleased to have been close to empow since the very beginnings and to have helped them find an outstanding partner in Ascent. empow’s announcement can be found here.