Hunton Andrews Kurth Advises Binary Defense Systems, Inc. in $36 Million Series A Financing
November 3, 2022
On November 2, 2022, Managed Detection and Response (“MDR”) and enterprise defense provider Binary Defense Systems announced it had raised $36 million in a Series A financing round. Hunton Andrews Kurth LLP acted as co-counsel with Christopher Hunt at Krugliak, Wilkins, Griffiths & Dougherty on the fundraising round led by Invictus Growth Partners. The capital will be used to accelerate sales and marketing, broaden the partner ecosystem, expand machine learning capabilities, and create a world-class Managed Open XDR offering.
The Hunton Andrews Kurth team that advised Binary Defense on the transaction included Jeff Dodd, Lee Davis, Tony Eppert, Tyler Richardson and Alex McGeoch.