Baltimore's Lookingglass raises $5 million round of financing
Lookingglass Cyber Solutions, a Baltimore firm which makes some cool cyber security software that gives organizations global insight into cyber threats, said Monday morning that it raised $5 million in a series A round of financing.
Lookingglass, which got its start as an incubated company at the Emerging Technology Center in Canton, lined up West Coast and East Coast investors for the raise, which it will use for marketing, sales and deployment to enterprise customers, it said in a news release
Lookingglass's core product is called ScoutVision, which companies use to "continuously monitor their own networks, the networks of their partners and cloud-computing resources," Lookingglass says.
Lookingglass continues the trend of some local companies straddling both coasts to raise venture financing. Some have told me privately that there just isn't enough local interest in startup tech to put together a round that solely originates in Maryland or the Mid-Atlantic. An interesting post in TechCocktail, featuring Josh Konowe's experience raising money for Uppidy, is one of the latest anecdotes.
I haven't yet interviewed the Lookingglass folks, so I don't know about their personal experience.
Lookingglass disclosed to the Securities and Exchange Commission in August that it was attempting to raise capital, in a Form D filing. At the time, it said it was trying to raise $500,000.
The company listed its revenues as between $1 million and $5 million.
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