DefenseStorm

DefenseStorm

Cybersecurity and cybercompliance for community banks

Overview

DefenseStorm provides cloud-based cybersecurity and cybercompliance solutions tailored for community banks and credit unions. It automates tracking, controls, and reporting, blending security with regulatory requirements in a co-managed platform that augments internal security teams. It differentiates itself by focusing on smaller financial institutions with a shared ownership model and by delivering real-time protections, supported by recognition from NAFCU and ICBA. Its goal is to help these institutions meet regulatory requirements and protect their assets through practical, scalable cybersecurity and compliance.

About DefenseStorm

Simplify's Rating
Why DefenseStorm is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Cybersecurity

Financial Services

Company Size

51-200

Company Stage

Series C

Total Funding

$68.9M

Headquarters

Alpharetta, Georgia

Founded

2014

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Simplify's Take

What believers are saying

  • LEVERAGE partnered with DefenseStorm in March 2025, expanding credit-union distribution.
  • DefenseStorm says 200-plus financial-institution customers, supporting recurring subscription stability.
  • Its 2026 events calendar shows active selling into banks, credit unions, and partners.

What critics are saying

  • Crowded banking security market intensifies after Jack Henry's 2026 Google Cloud platform launch.
  • Nasdaq Verafin and Q6 Cyber deepen fraud intelligence, squeezing DefenseStorm's cross-sell advantage.
  • If credit unions standardize on larger suites, DefenseStorm's niche platform becomes expendable by 2027.

What makes DefenseStorm unique

  • Built exclusively for U.S. banks and credit unions, not retrofitted enterprise security.
  • Combines MDR, continuous risk intelligence, and governance with NCUA, FFIEC, GLBA mapping.
  • Claims 10,000-plus mapped controls and board-ready evidence for lean compliance teams.

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Funding

Total Funding

$68.9M

Below

Industry Average

Funded Over

9 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$15M
DefenseStorm
$40M
Figma
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

2%

2 year growth

-1%
CUInsight
Mar 11th, 2025
LEVERAGE partners with DefenseStorm to strengthen cybersecurity for credit unions

LEVERAGE partners with DefenseStorm to strengthen cybersecurity for credit unions.

PR Newswire
May 23rd, 2024
Former Ncua Chairman Rodney Hood Joins Defensestorm Board Of Directors

Credit unions must become proficient at cyber risk management, and I'm convinced DefenseStorm has the right technologies, processes and people to make that happen. It's why I joined the Board at DefenseStorm

Intelligence360 News
May 2nd, 2024
DefenseStorm Raises $12M in Equity

DefenseStorm has filed with the U.S. Securities and Exchange Commission to raise $12 million in new equity investment. CEO Steve Soukup played a crucial role in securing this funding, which will be used to expand the company and accelerate product development. For more information, visit DefenseStorm's website or contact CEO Steve Soukup directly.

Business Wire
May 1st, 2024
DefenseStorm, Btech Fund Boost Community Banks

DefenseStorm, specializing in cyber risk management for financial institutions, has completed a Series C-1 funding round with contributions from existing investors Georgian, Curql, and Live Oak Ventures, and new investor Btech Consortium Fund. This investment will enhance cyber protection for community banks, enabling them to manage risks associated with technological innovations and compete with larger banks. The partnership aims to build a community of trust among banks to share and act on cyber incidents.

DefenseStorm
Nov 29th, 2023
DefenseStorm appoints Keith Joseph as Senior Vice President of Sales

ALPHARETTA, Ga. (May 1, 2023) - DefenseStorm, a leading provider of the only built for banking integrated platform of cyber risk assessment, governance, security, and fraud solutions for community and regional banks and credit unions, welcomes Keith Joseph as Senior Vice President of Sales.

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