Topping off a stellar few months, including a US $5 million procurement agreement with Professtama in Indonesian, European expansion and, more recently, in Australia being awarded the prestigious ‘Consensus Innovation Award’, Australia’s only end-to-end cyber security products developer, Red Piranha, has this week announced the completion of its recent capital raise to the value of AUD $3 million.
Commencing at the end of March 2019 with assistance from its lead manager – Canary Capital, the raise initially sought AUD $2.52million, going to market with 14 million shares on offer, priced at 0.18 cents.
With the option to take over subscriptions, Red Piranha’s board recently met and have decided to accept an additional AUD $500k above its initial $2.5 million target, taking the total amount raised to AUD $3million or 16.7 million shares to be issued.
This latest capital raise sees Red Piranha’s valuation post cash at just under AUD $20 million.
The company began its journey back in October 2015 and now Red Piranha’s Crystal Eye is the world's most powerful Unified Threat Management (UTM) platform featuring the industry's first in-built gateway application whitelisting as well as email scanning, data loss prevention, advanced firewall technology and several other innovative features, that collectively provide exceptional security orchestration, automation and response.
To monitor and control sophisticated threats we need to move from traditional security measures and apply advanced threat detection and monitoring techniques. A Unified Threat Management (UTM) solution uses intelligent defence, adaptive analytics and integrated controls to detect and demolish the attacks in real-time.
Designed for Managed Service Providers (MSP’s) and their clients to defend against cyber-crime, the Crystal Eye platform provides a ‘plug and play’ solution that is both easy to use and affordable with proven security techniques and multiple layers of protection to keep data safe.
Red Piranha will utilise the funds to further commercialise Crystal Eye and to expand its sales and marketing teams to capitalise from the opportunities presented to the company both in the domestic and international markets.
Red Piranha is already working in partnership with organisations such as AustCyber – the Industry Growth Centre for Australia’s cybersecurity industry set up by the federal government initiative – to help increase Australia's national threat intelligence ecosystem.
Read more about Crystal Eye on Red Piranha’s website: https://redpiranha.net/
For more information on future investment opportunities, please contact Canary Capital https://canarycapital.com.au/
Announcement URL: https://redpiranha.net/news/red-piranhas-recent-capital-raise-exceeds-expectations
About Red Piranha:
Fight cyber crime with our holistic defence in-depth strategy allowing you to Defend, Detect and Respond to threats and helping you Protect confidentiality, ensure integrity and maintain availability.
Red Piranha manufactures and supplies End-to-end security solutions to safeguard your information across the entire network and its borders helping you maintain Confidentiality and Integrity. The easily deployed Crystal Eye multi-layered security next generation firewall range increase security awareness reducing risk exposure from advanced cybercrime, malicious software and insider threats.
In 2015 Red Piranha purchased the DNS.Insure platform and began development on the Crystal Eye Unified Threat Management systems (UTM's) via its security operating system called Crystal Eye. The Red Piranha Crystal Eye Gateway allows the client control over the network, reducing risk of possible attacks through a defense in depth strategy as well as giving the client easy content control over devices that use the network. Managed threat Intelligence defends before attacks are launched, providing the client with solutions which are updated regularly to combat new and persistent threats.
Red Piranha Next-Generation Enterprise Crystal Eye Unified Threat Management (UTM) product family protects the network internally as well as the perimeter, optimizing connectivity and simplifying the administration of network operations. The Crystal Eye product range will be the first product of its kind designed and owned in Australia.
Go to Company Profile for: Red Piranha
Announcement Contact: [email protected]