Founded out of Miami, Florida, in 2020, Moderne has so far raised around $20 million in funding. Today, the company is adding a further $30 million to the pot via a Series B round led by Acrew Capital, with participation from Allstate, Amex Ventures, Intel Capital, Mango Capital, Morgan Stanley, TIAA Ventures, and True Ventures.
Moderne claims just 50 employees today, who Schneider says, are mostly “seasoned experts in every functional domain,” enabling it to keep a lower total headcount. With the fresh $30 million, he says he’s now looking to better cater to specific domains like application security (AppSec), having recently hired its first chief information security officer (who will be formally announced later this week).