Security-as-a-Service (SECaaS) Provider My Digital Shield Closes $300,000 in Second Seed Round

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The funding will boost channel partner marketing and support, as well as product development efforts

MDS

“This funding will allow us to strengthen our channel partner program and advance our product development efforts,” said Andrew Bagrin, founder and CEO of My Digital Shield.

My Digital Shield (MDS), a leading provider of Security-as-a-Service (SECaaS) for small businesses, today announced it has secured $300,000 in a second seed round of funding. The funding was led by a group of private investors, including Litera Investments. MDS raised the first seed round of $500,000 in July 2014, bringing its total raised to $800,000.

The new funding will further expand the company’s channel partner marketing and support and bolster its product development efforts. Founded in 2013 to bring affordable, enterprise-level security technology to the small business, MDS quickly grew its customer base through a certified channel partnership program. MDS’ partnership program allows value-added resellers (VARs), solution providers, and managed service providers (MSPs) to strengthen their security offerings and expand their sales network for growth and profitability.

“This funding will allow us to strengthen our channel partner program and advance our product development efforts,” said Andrew Bagrin, founder and CEO of My Digital Shield. “We are grateful to have partners that support our vision to help accelerate the continued expansion of MDS’ affordable cyber security solution within the small business community.”

Based on industry-leading unified threat management (UTM) technology deployed by large enterprises and government agencies, MDS provides comprehensive and customized security protection tailored to the specific demands of small businesses.

“The cyber security marketplace is on the fast track to growth, as security solutions are top of mind,” said Marc Gerofsky, CEO of Litera Investments. “Seeing the early success of MDS since its launch in July has sustained our interest in propelling the company forward, and we look forward to seeing even more channel growth and product enhancements in the coming months.”

Unlike other cloud-based security solutions, MDS’ easy-to-install, easy-to-configure solution requires no start-up fees or long-term commitment from its customers. MDS’s current customers include small businesses across multiple industries, including retail, restaurant, hospitality, healthcare, and professional services. To learn more, visit http://www.mydigitalshield.com.

About My Digital Shield:
My Digital Shield (MDS) is a leading provider of Security-as-a-Service (SECaaS) that delivers enterprise-level security technology to small businesses. Based on industry-leading unified threat management (UTM) technology, MDS’ customizable cloud-based security solution offers continual protection against cyber threats and intrusion at an affordable price. With no bandwidth pollution, the SECaaS delivery model ensures that the latest virus definitions and threat updates are in use for continual threat assessment. Founded in 2013, MDS serves numerous managed service providers (MSPs) and small businesses in various industries including retail, restaurants, hospitality, and professional services. To learn more, visit http://www.mydigitalshield.com or follow on Twitter @MyDigitalShield.

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Michi Morales

Christine Mulquin