empow raises $10M series B with participation of Ascent Venture Partners
Dear Clients and Friends,
We are pleased to announce Marlin & Associates’ involvement with another successful capital raise transaction.
empow, a cybersecurity startup provider of an intent-based orchestration platform powered by AI and machine learning analytics, raised $10mm in its series B funding that included new investor Ascent Venture Partners and current investors.
At the same time, Peter George, who has led multiple cybersecurity companies is joining as CEO. Founder Avi Chesla will move to CTO, and will focus on empow’s SIEM technology platform.
empow plans to use the funds to extend the reach of its next-generation SIEM and expand global sales, marketing and finance operations in Boston.
"We would like to thank the Marlin & Associates team” said Avi Chesla, Founder of empow. “They brought a deep understanding of our unique technology. Their network of active investors and players in cyber has been instrumental to securing this key investment. We are very excited about the prospects for empow with Ascent 's participation in this round of funding.”
We are pleased to have been close to empow since the very beginnings and to have helped them find an outstanding partner in Ascent. empow’s announcement can be read HERE.
This week, we are attending the RSA conference in San Francisco. Contact firstname.lastname@example.org, if you would like to setup a meeting.
Marlin & Associates is one of the most active investment banking and strategic advisory firms providing counsel to worldwide buyers and sellers of middle-market technology firms. Headquartered in New York City, with offices in Washington, D.C., and Toronto, Marlin & Associates has won numerous awards including the “Middle-Market Investment Bank of the Year,” “Middle-Market Financing Agent of the Year – Equity,” and “TMT Advisory Bank of the Year.” More than 20 transactions on which Marlin & Associates has advised have been recognized as “Deal-of-the-Year”. The Marlin & Associates team of professionals has advised on more than 200 information-technology transactions in 26 countries.
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