DefenseStorm, a leading provider of cloud-based cyber security, compliance and fraud technology and managed services to financial institutions, recently completed a $15 million Series C raise. The round was led by a $5M investment from JAM FINTOP, a venture fund with more than 80 community and mid-size bank limited partners, with the remaining $10M in funds coming from existing investors. This round brings DefenseStorm's total funding to $67M.

DefenseStorm provides cyber security, compliance and fraud solutions specifically built for banking to achieve and maintain cyber readiness. DefenseStorm GRID is the only co-managed, cloud-based and compliance-automated platform of its kind, operating as a technology platform and as a service supported by experts in FI security and compliance. It watches everything on a bank or credit union's network and matches it to defined policies for real time, complete and proactive cyber exposure readiness, keeping security and fraud teams smart and executives accountable. DefenseStorm links GRID activities directly into control frameworks and self-assessments with automated evidence collection to easily demonstrate adherence to industry and regulatory standards. Compliance evidence can also be linked to your own unique policies and internal controls. A Threat Ready Active Compliance (TRAC) Team augments a bank or credit union's internal team to protect business continuity and skills availability while also ensuring cost-effective coverage and management.