Toronto, ON – October 2, 2019
GreenSky Capital Inc. is pleased to announce that its affiliated venture fund, the GreenSky Accelerator Fund III, has led a $1.85 million equity investment round in RANK Software. The financing included participation from the GreenSky Accelerator Fund III, members of the affiliated angel group, the GreenSky President’s Club, MaRS Investment Accelerator Fund, and Generation Ventures, both of which have previously invested in RANK Software.
RANK Software provides a real-time security analytics, threat detection, and hunting platform. Its Virtual Advisor to Security Analysts (VASA) product is uniquely capable of ingesting data from all network traffic, thereby helping large enterprises quickly identify credible threats. VASA provides security professionals, who are faced with monitoring ever-increasing amounts of data and interconnected devices, a holistic view of a company’s enterprise security from a single platform.
“We are excited to have GreenSky Capital join us as partners,” said RANK Software CEO, Rick Costanzo. “We have several large enterprise clients on board, as well as a robust customer pipeline. This funding will allow us to capitalize on these opportunities and leverage our unique product offering in the growing field of cybersecurity data analytics.”
Greg Stewart, a principal at GreenSky Capital, noted: “Cybersecurity is a crowded and extremely complex vertical. Despite significant expertise on our team, we have, up until meeting RANK, been hesitant to venture into the space. We believe that Rick, his co-founder Naranjan Mayya, and the RANK team have created something special, and we’re thrilled to be involved with RANK Software.”
About RANK Software
RANK Software, a cybersecurity company, has developed a breakthrough software that is able to investigate all data packets passing into, out of, and within an enterprise network in real-time. That is, they are contextualizing and investigating billions of signals (more than 10Gb per second), enabling security analysts to not only have full visibility across a network but also prioritize and respond to emerging threats. To learn more about RANK Software, visit ranksoftwareinc.com.
About GreenSky Capital
GreenSky Capital Inc. is an award-winning Toronto-based firm that makes investments in early-stage Canadian technology companies through its affiliated venture capital funds, GreenSky Accelerator Fund I, II, and III. Our principals bring a unique combination of experience in technology, law, and finance to high-growth potential companies and dedicated entrepreneurs. Learn more about GreenSky at greenskycapital.com.
About Generation Ventures
Generation Ventures is the venture arm of Generation Capital, a family office based in Toronto, Canada. Generation Ventures is managed by a multidisciplinary team that supports our active investment posture, investing in smart people solving big problems with innovative products that people are using right now. Learn more at generationventures.com.
About MaRS IAF
MaRS Investment Accelerator Fund (IAF) is a leading seed-stage fund investing in high-potential IT, health and cleantech companies in Ontario. IAF has over a 10-year history of successfully providing innovative firms with the capital, mentorship, and networks needed to validate ideas and bring products to market. Its mission is to keep Ontario’s talent and technology local while helping its companies go global. For more information, please visit marsiaf.com.