Fresh off a $4 million capital raise, a Denver cybersecurity instruction company is launching a new location in Tampa, Florida.
The Colorado Impact Fund, a venture capital fund started in 2014, invested $4 million in Rino-based SecureSet in a Series A round. Founder Bret Fund, 41, said the company will use the funds to expand its training for individuals and companies working in security to Colorado Springs and Tampa in the next year. Fund said he likes Tampa’s mix of the academic, corporate and military presence ideal for SecureSet’s training.
“When those three things come together, it really creates a fertile ground for us to come in,” Fund said. “Like Denver, there was a mix of all these elements, plus we knew the individual we were going to hire.”
Fund said SecureSet signed a lease on a 6,000-square-foot building.
In Colorado Springs, SecureSet started evening classes on Jan. 31 at Epicentral Coworking, with its full-time program starting in six weeks.
Fund said by August, SecureSet will be running full programs in all three cities.
SecureSet has 12 students in Denver and 11 in Colorado Springs. It has 13 employees and plans to grow to 30 full-time employees by the end of the year, as well as 15 part-time instructors, Fund said.
Located in Denver at 3801 Franklin St., the firm launched its first class of students last February. Students enrolled in SecureSet’s evening program receive 36 weeks of classes, meeting two evenings per week plus Saturdays, while the full-time program meets for 20 weeks. The curriculum is directed at cybersecurity careers for companies or military organizations needing tighter computer and online security. While Fund declined to give the company’s revenue, he said it was not profitable in its first year, but expects the company to break into the black in 2017.
SecureSet also launched a sister accelerator in Denver for cybersecurity professionals, who receive funding from SecureSet to participate. The accelerator is launching its own capital raise, separate from the funds SecureSet just received from the Colorado Impact Fund.