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Rick Snyder's Cybersecurity Company SensCy Raises $4M

The Michigan-based company, whose founders also include former state CIO David Behen, launched in July and offers a FICO-like cyber score. The funding comes as governments get more aggressive about digital defenses.

Cybersecurity startup SensCy, founded by former Michigan Gov. Rick Snyder and state CIO David Behen, has raised $4 million in a seed round that included Secure Octane Investments, ID Ventures, Wakestream Ventures, Michigan Rise and others.

The Michigan-based company, which launched in July, offers a personalized cybersecurity score based on the firm’s proprietary algorithm. The company says that measure resembles FICO scores used for credit checks, and it is ideal to score at least 800.

The funding comes as more local and state agencies — along with organizations of all types — are trying to defend themselves better against hackers, ransomware and other digital threats.

In fact, Dallas recently launched a mobile app designed to help residents better defend their smartphones against online criminals, an example of how some governments are getting more aggressive about cybersecurity.

Meanwhile, in Washington state, data breaches have reached a historic high, according to that state’s attorney general.

“The SensCy team is an all-star team, unique in many ways — they bring a sense of urgency, expertise in starting and building global enterprises, and above all, the much-needed human touch,” said Mahendra Ramsinghani, managing director of Secure Octane Investments, in a statement. “Cybersecurity is a growing problem, but technology cannot solve everything. If it did, we would not be seeing ransomware stealing away $40 billion to $50 billion each year.”

The Small Business Association of Michigan (SBAM) has already partnered with SensCy on cybersecurity support.

“SensCy brings a much-needed service to our members at an affordable rate,” said SBAM Senior Vice President Scott Lyon in that statement.