Francisco Partners, a global investment firm, has made a strategic growth investment in Drawbridge, a provider of cybersecurity software and services for the financial services industry. Existing investor, Long Ridge will remain a significant equity holder in the firm.
Drawbridge delivers an all-in-one platform that helps financial services companies rapidly deploy, manage, and continuously optimize cybersecurity programs. The new investment will be used to drive expansion and product development.
“We are thrilled to announce this new investment from Francisco Partners which will allow us to accelerate our technology innovation and continuously focus on customer success,” Jason Elmer, Drawbridge founder and CEO. “Drawbridge was founded to provide financial services firms with the state-of-the-art software and solutions they need to simplify and manage the complex and evolving cyber risk landscape. The industry is facing increased cyber threats and escalating due diligence demands, and this new investment will enable Drawbridge to provide an even greater level of support to our customers.”