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Cybersecurity Firm Tharros Secures Blue Delta Investment for Growth
Tharros, a cybersecurity and vulnerability research company, has secured an equity investment. Venture firm Blue Delta Capital Partners provided the funding. This Tharros Blue Delta investment aims to support the company’s strategic growth.
The investment will aid efforts to scale technical capabilities and expand the team. It will also help identify potential acquisitions and accelerate technology development. This funding coincides with Tharros’ recent rebranding.
What Happened
Tharros publicly announced receiving the equity investment from Blue Delta Capital Partners. The financial terms of this move, announced on Tuesday, were not disclosed. This investment directly supports Tharros’ rebranding.
The company recently changed its name to Tharros from its previous name, Analygence. This strategic move aligns with the new funding.
Details From Sources
Lonnie Parker, Tharros CEO, commented on the partnership. “This partnership is about more than just capital; it’s about having the right strategic partners as we invest in our people and double down on innovation,” Parker stated. “Our goal is to ensure our customers can operate with total confidence to never allow cyber threats to stop the mission regardless of how the threat landscape shifts.”
Kevin Robbins, a General Partner at Blue Delta, also provided a statement. “Lonnie and his team have built a differentiated platform with a clear vision for the future of government cybersecurity,” Robbins said. “We are excited to help them accelerate that growth, as non-control equity partners.”
Blue Delta Capital Partners closed its fourth fund in the summer of 2024. The fund secured $250 million in commitments from investors (Source). Blue Delta typically makes equity investments between $15 million and $50 million. These investments are for noncontrolling ownership positions in growth-stage contractors.
Why This Matters
This Tharros Blue Delta investment is strategically important for the company’s growth. The funding will significantly enhance its mission. It enables scaling technical capabilities and expanding team size.
The investment also opens possibilities for identifying acquisitions. Furthermore, it will accelerate technology development. Tharros aims to ensure customers operate confidently against cyber threats in the government sector.
Background Context
Tharros was founded in 2010 by CEO Lonnie Parker. The company was initially known as Analygence. Tharros focuses on government cybersecurity solutions. Its core work involves developing tools to detect zero day vulnerabilities.
Zero day vulnerabilities are hardware or software security flaws. These flaws are unknown to operators and enterprises. Headquartered in Fulton, Maryland, Tharros was selected in 2024 to collaborate with the National Institute of Standards and Technology (NIST) (Source). This collaboration aims to reduce a backlog in a key cyber database. NIST’s National Vulnerabilities Database is a cornerstone repository for cybersecurity researchers. They use its contents and tools to assess cyber exploits.
Related Data or Statistics
- Blue Delta Capital Partners closed its fourth fund in summer 2024. It secured $250 million in commitments from investors.
- Blue Delta typically invests equity ranging from $15 million to $50 million. These investments are for noncontrolling ownership in growth-stage contractors.
Future Implications (SPECULATIVE)
This investment is aimed at accelerating Tharros’ growth. This growth is expected within the government cybersecurity sector. It suggests an expansion of Tharros’ technical capabilities and team.
The partnership also indicates potential for future acquisitions. Accelerated technology development is another implication. This collaboration aims to strengthen Tharros’ ability to address evolving cyber threats. It will also support critical government missions.
Conclusion
The equity investment from Blue Delta Capital Partners marks a strategic partnership for Tharros. This cybersecurity company funding is poised to drive significant growth. It will enhance Tharros’ ability to deliver advanced government cybersecurity solutions. The partnership reinforces its commitment to innovation and customer confidence.
FAQ
Q1: What is Tharros?
A1: Tharros is a cybersecurity and vulnerability research company focused on government work. CEO Lonnie Parker founded it in 2010 (originally Analygence). It is headquartered in Fulton, Maryland.
Q2: Who invested in Tharros?
A2: Venture firm Blue Delta Capital Partners made an equity investment in Tharros.
Q3: What is the purpose of the investment in Tharros?
A3: The investment will aid Tharros’ strategy. This includes scaling technical capabilities, expanding team size, identifying acquisitions, and speeding up technology development.
Q4: What is Tharros’ involvement with the National Institute of Standards and Technology (NIST)?
A4: Tharros was chosen in 2024 to work with NIST. The goal is to help reduce a backlog in the National Vulnerabilities Database, a key repository for researchers.
Q5: What is Blue Delta Capital Partners’ typical investment approach?
A5: Blue Delta Capital Partners typically makes equity investments of $15 million to $50 million. These are for noncontrolling ownership positions in growth-stage contractors. The firm closed its fourth fund at $250 million in summer 2024.
