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Cyber Disaster Recovery Firm Fenix24 Bags $5m In Recent Funding

Things To Know About Fenix24

Fenix24 is an IT services and IT consultancy industry headquartered in Chattanooga. The privately held company founded in 2022 holds major specialties in breach recovery and incident response. The company is raising a bar for post incident disaster recovery and restoration with a speedy and precise professional operation.

How The Fundings Will Be Used

The investment grossed from Eos Venture Partners, a prominent InsurTech investor. Zach Powell, General Partner of Eos Venture Partners, will join Fenix24 as a board member being a sister company of the Conversant Group, Fenix24 serves with best  professional cybersecurity force focused exclusively on restoring companies after facing cyber breach events.

This designed technique to identify the breach by it’s pre occurrence may help investors to manage their workplace effectively without any degradation in market.

The current model is monitoring on faster,  effective post-breach restoration and drives to reduce business failures or issues.

What Are The Views Of The Leading Members Of The Firm On This 

Mark Grazman, CEO and co-founder of Fenix24, said, “We are excited to partner with Eos Venture Partners and very proud of what this investment says about Fenix24’s innovative approach and resulting impact on behalf of victims of ransomware and their insurance carriers. The world needs a defensive civilian cybersecurity force ready to help victims of ransomware navigate the treacherous waters of a ransomware attack.
Powell added, “As Ransomware-as-a-Service has grown, the business impact of cyberterrorists’ ransomware attacks has also increased significantly—more than 60% of total cyber losses to an insurance carrier now are estimated to come from business interruption. With the need for a better response on behalf of those impacted by ransomware and the entire cyber insurance eco-system, Eos is proud to support Fenix24’s rapid growth and reputation as the world’s fastest restoration company.”

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