Cybersecurity startup HacWare to expand with $2.3 million capital raise

For the Dallas-based cybersecurity startup, HacWare’s revenue has increased its revenue by 10 times its annual revenue norm in 2020, fueled by increased demand for protection against phishing and ransomware. Now, it’s raised $2.3 million in seed funding to continue scaling.

Following the new funding round, led by Oregon-based venture capital firm Elevate Capital, HacWare plans to expand its network of developers and offer more tools to integrate its protection program with platforms. cybersecurity and existing human resources.

HacWare Founder and CEO, Tiffany Ricks

“HacWare is the future of cybersecurity, and we’re excited about our onboarding strategy to make cybersecurity training accessible to senior security teams and busy professionals everywhere,” said HacWare Founder and CEO. , Tiffany Ricks. CEO d.

HacWare customers experienced a 60% reduction in malware outbreaks and a 40% reduction in labor costs once they switched to HacWare’s application programming interface.

“We are impressed with HacWare’s innovative and targeted approach to protecting workforce data from cybersecurity threats and phishing attacks,” said Nitin Rai, Founder and Managing Partner of Elevate Capital. “Using artificial intelligence technology and a powerful security education system, HacWare turns ‘risky security habits into assets’ and helps reduce malware outbreaks.” Elevate Capital is thrilled to lead this investment and to work with Tiffany and her team, continuing our commitment to supporting underserved and Black minority women entrepreneurs with seed funding.

According to a study conducted by Crunchbase, less than 0.35% of all venture capital funding went to companies founded by black women in 2020.

“I may be the 114th black female founder to raise over $1 million in venture capital, but I won’t be the last,” Ricks said. “I don’t focus on what they say black and minority women can’t do. I’m proving them all wrong! I hope I inspire more black women to dream and build great, scalable businesses.

Frito-Lay Deploys First Fleet of Electric Delivery Trucks in Carrollton

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In partnership with Ford, Plano-based Frito-Lay will soon launch a fleet of electric delivery trucks across Texas. The initiative will allow the company to continue its plans to achieve net zero emissions by 2040. The first fleet of 40 delivery vehicles will be deployed in Carrollton.

The new electric trucks will reduce Frito-Lay’s greenhouse gas emissions by 390 metric tons. The company has already achieved 100% renewable electricity for every factory, distribution center and other building in the United States.

“We’re still just one idea away from changing the world,” said Rachel Ferdinando, FritoLay’s chief marketing officer. CEO.

Remington Hotels Acquires Chesapeake Hospitality in $26 Million Deal

Dallas-based Remington Hotels has acquired Chesapeake Hospitality, which manages properties throughout the East Coast and Midwest. The transaction, worth up to $26 million, is comprised of cash and stock options.

Remington President and CEO Sloan Dean said, “By fusing Chesapeake’s culture and craftsmanship with our own, we believe we are well positioned to cultivate even stronger relationships with owners of our properties by providing them with more resources, better economies of scale and a more satisfying customer experience.

With the transaction, Remington will add the 877-key Showboat Atlantic City to its hotel portfolio, the largest of its 121 properties. Chesapeake CEO Chris Green will become Remington’s divisional president.

“I’m so proud that Chesapeake is joining Remington, a company known for delivering exceptional results and driving a real cultural shift in hospitality management,” said Green. “This partnership will be a practice of merging two companies that have operated in different geographies and are firmly committed to doing what is best for their customers and employees.”

Frisco’s ClearEstate Expands to Texas Market

Following a $13.25 million Series A funding round, estate planning firm ClearEstate, with US headquarters in Frisco, is expanding its offerings in Texas. The company’s home state becomes its fourth US market alongside California, Arizona and Nevada.

“Our ClearEstate team is growing rapidly across the United States and we look forward to bringing our services to residents of Texas and other upcoming markets,” said Alex Gauthier, COO at ClearEstate. “The loss of a loved one can be so devastating, and we believe our compassionate approach makes the estate settlement process easier and overall more manageable for those who are grieving.”

The company plans to have a national footprint and estimates 700% year-over-year growth for the first quarter of 2022. In the coming months, ClearEstate will launch operations in Florida, New York and New Jersey , bringing its offerings to 38.78% of the US population. .

Author

Ben Swanger

Ben Swanger is the associate editor of CEOthe business title of Magazine D. Ben manages the Dallas 500

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