The Maryland Venture Fund (MVF), the equity investment arm of the Maryland Department of Business and Economic Development will invest $750,000 in Triumfant, a leading provider of advanced threat detection and remediation technologies located in Rockville.
MVF invested alongside existing investors Novak Biddle Partners and Core Capital Partners using funds raised by InvestMaryland, which is designed to spur growth and development of small, high-tech companies in Maryland.
Triumfant offers large commercial enterprises and government entities continuous protection against next-generation malware attacks, including advanced persistent threats, targeted attacks, in-memory attacks and zero-day attacks. The company has been identified by Gartner as one of the leading providers of endpoint security solutions.
The Maryland Venture Fund is a regionally recognized leader in seed and early-stage investing and a national model for state-supported investment programs.