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Proficio Gains Funding for Managed Detection and Response (MDR) Expansion


Proficio, a Top 100 MSSP for 2017 that provides managed detection and response (MDR), log monitoring and other cybersecurity services, has completed a second round of funding led by alternative investment firm Kayne Andersen Capital Advisors. The latest funding round brings Kayne's total investment in Proficio to more than $20 million; Kayne previously invested $12 million to help the company bolster its cybersecurity services and expand globally.

With the latest funding, Proficio will launch new solutions and bolster its security operations center-as-a-service (SOCaaS) and security information and event management-as-a-service (SIEMaaS) offerings, according to a prepared statement.

The company also plans to use the funding to explore expansion opportunities in the Asia-Pacific region and Europe, co-founder Tim McElwee stated.

Proficio Offers One Free Year of Managed Security Services

In addition to the new funding, Proficio recently started offering a free year of managed security services to select customers.

The "First Year Free" promotion enables organizations to use the following cybersecurity monitoring and alerting services free of charge:

  • 24×7 monitoring and alerting.
  • Business context modeling.
  • Custom use cases.
  • Log search, retention and reporting.
  • SIEM-as-a-service.
  • SOC-as-a-service.
  • Threat intelligence with use cases.
  • Vulnerability management.

First Year Free is a limited-time promotion. It is available to the first 30 qualified customers to switch from their current MSSP – regardless of contract terms or timelines – and includes a complimentary year of Proficio managed security services.

Proficio Upgrades Managed Services for Splunk

The company in July expanded its managed services for Splunk to help organizations reduce alert fatigue and optimize their SIEM investments, according to a prepared statement.

The expanded managed services for Splunk offer a variety of capabilities, including:

  • Advanced analytics.
  • Cloud-based SOC.
  • Intelligent alerts.
  • Investigation, monitoring and response.
  • Threat intelligence.

Proficio provides two platforms for Splunk deployments: a managed service option for administrative and maintenance tasks and log collection and a security event monitoring and alerting service. Both platforms enable organizations to use Splunk to keep track of cyber threats, the MSSP said, and obtain cybersecurity insights.

Founded in 2010, Proficio offers managed security services to help protect organizations against advanced cyber threats. The lineup includes co-managed, fully managed and custom cybersecurity solutions and supports organizations across a wide range of industries, including financial services, energy and healthcare.

Dan Kobialka

Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.