Ransomware Defense Startup Mimic Raises Hefty $27M Seed Round

SecurityWeek ● May 2, 2024

SecurityWeek's Ryan Naraine covered Mimic's public debut and its $27 million seed round, with funding from Ballistic Ventures, Menlo Ventures, Team8, Wing Venture Capital and Shield Capital. The story credits the idea to Derek Smith, former CEO of Shape Security, and describes a company focused only on ransomware gangs, with technology built to work alongside the security controls a business already runs.

About Mimic Networks

Mimic Networks enforces known-good state at the kernel, blocking unauthorized change before it executes. Founded in 2023 and headquartered in Palo Alto, California, Mimic raised a $50 million Series A led by Google Ventures and Menlo Ventures. Kevin Mandia, founder of Mandiant, and Ted Schlein serve on the board. Mimic is FedRAMP Ready at the Moderate impact level. Learn more at mimic.com.