Bay Dynamics, a start-up based in San Francisco, announced $23 million in Series B financing for its cyber risk analytics.
Bay Dynamics' flagship analytics software, Risk Fabric, automates the process of analyzing security information so that it's traceable, trustworthy and prioritized.
The funding round was led by Carrick Capital Partners and included capital from Series A investor Comcast Ventures, the venture capital affiliate of Comcast Corporation.
"We are very impressed with the quality of Bay Dynamics' cyber risk analytics platform and the endorsements we have heard from Bay Dynamics customers," said Jim Madden, co-founder and Managing Director of Carrick Capital Partners. "We believe the strongest and highest quality companies, like Bay Dynamics, will continue to thrive and we are excited to be a part of that growth."