New Investment will help Fenix24 scale operations to meet growing market demand for ransomware response and recovery
CHATTANOOGA, Tenn. , March 16, 2023 /PRNewswire/ — Fenix24, an industry-leading cyber disaster recovery firm that is transforming the post-breach restoration process and impact, announced a $5 million investment by Eos Venture Partners, a prominent InsurTech investor. Zach Powell, General Partner of Eos Venture Partners, will join Fenix24 as a board member.
Faster, Better Post-Breach Restoration
Fenix24, a sister company of Conversant Group, provides a professional cybersecurity force focused exclusively on restoring companies after cyber breach events. The firm redesigned the recovery paradigm after recognizing that traditional breach response could not manage foreign adversaries’ increasingly destructive tactics and the corresponding increase in business downtime and interruption.
