Columbia, SC — South Carolina Research Authority’s investment affiliate, SC Launch Inc., has invested $250,000 in ThreatCaptain. The Greenville-based IT startup provides a financial cyber risk discovery platform designed specifically for managed service providers, MSPs, who service other companies on a subscription basis.
ThreatCaptain Inc. became an SCRA Member Company in 2024 and an SC Launch Inc. Portfolio Company when they received this investment.
“Cyber-attacks on businesses were forecasted to cost $452 billion last year, according to Statista. Unfortunately, the financial impact is projected to grow every year,” said SCRA Senior Investment Manager Rob Moser. “ThreatCaptain’s unique platform helps MSPs show their clients exactly how much a breach could cost, whether insurance will cover the incident, and how much they need to invest in cybersecurity to stay protected. By equipping MSPs with this financial insight, ThreatCaptain is making it easier for businesses to make informed security decisions and ultimately stay safer.”
“SCRA and SC Launch Inc.’s advisement and funding are enabling us to refine how we help MSPs justify cybersecurity spending to their clients,” said ThreatCaptain Co-founder Adam Anderson. “With 83% of CFOs demanding clear justification for cybersecurity investments, MSPs need better discovery tools and the ability to communicate cyber risk effectively. ThreatCaptain simplifies this process by providing MSPs with the necessary metrics and navigation skills to guide their clients toward smarter, safer security decisions.”
“As everyone is at risk for cybercrime, we’re happy to partner with a startup that developed a solution to help mitigate this global problem,” said SC Launch Inc. Executive Director Matt Bell. “We look forward to their continued success.”
ThreatCaptain is making cybersecurity a business priority. Translating cyber risk into financial risk is a challenge, leaving many businesses unaware of the true cost of a breach. The ThreatCaptain platform exists to change that—empowering MSPs to help companies allocate their security budgets more strategically, ensuring the best protection with limited resources.
###
Established in 2006, SC Launch Inc. is the investment affiliate of the South Carolina Research Authority. The independent, nonprofit corporation provides convertible loans and investment funding to qualifying SCRA Member Companies. The returns on this funding provide the resources for additional investments to next-generation technology startups.
Chartered in 1983 by the State of South Carolina as a public, nonprofit corporation, South Carolina Research Authority fuels the state’s innovation economy through the impact of its comprehensive services to technology-based startups, academia, and industry. SCRA provides funding and support to accelerate the growth of academic startups; high-quality lab and administrative workspaces; facilitation and funding for partnerships between and among industry, startups, and academic institutions; assistance and funding for the relocation of technology-based companies to South Carolina; and coaching and funding for startups that may also receive investments from its affiliate, SC Launch Inc.
Media Contact
Adrianne Grimes
Director of Marketing and Communications, SCRA
adrianne.grimes@scra.org
