Cybersecurity startup Bandura Systems closes $4 million round

Bandura Systems, a cybersecurity firm based in Lake St. Louis, announced a $4 million Series A investment round Tuesday.

The fundraise follows less than six months after Bandura closed a $3.5 million seed round.

The startup makes a product, called the Threat Intelligence Gateway, that’s designed to weed out the majority of cybersecurity threats and reduce the volume of threats hitting users’ firewalls.

Bandura plans to use the new capital to ramp up sales and marketing, according to a press release.

Cultivation Capital, a St. Louis-based venture capital firm, participated in the latest round, which also included Grotech Ventures, Gula Tech Adventures and Maryland Venture Fund, according to the release.

St. Louis participants in the company’s previous round included Prosper Women Entrepreneurs, SixThirty, SixThirty Cyber and UMB Financial Corp.


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