Binary Defense Systems, a managed detection and response (MDR) provider, has closed a $36 million institutional growth equity funding round led by private equity firm Invictus Growth Partners.The company will use the funding to bolster its sales and marketing, expand its partner ecosystem and machine learning capabilities and create an extended detection and response (XDR) offering, according to a prepared statement.Dan Adcock as chief operating officer Tracy Caudill as chief commercial officer Jason Vest as chief product officer Joe McMann as head of cyber services Binary Defense's leadership team will continue to build on the company's cybersecurity solutions, Meindl said. It plans to enhance the business' existing cybersecurity solutions and add security services.Previously, Binary Defense in July 2022 integrated Microsoft Sentinel capabilities into its managed security service offering. In doing so, organizations can utilize Sentinel's security information and event management (SIEM) and security orchestration, automation and response (SOAR) capabilities in conjunction with Binary Defense's managed security service, the company noted.