May 17, 2022

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Victoria-based Intelligence Software Company Echosec Systems Secures $10 Million Credit Facility From Espresso Capital

Victoria-based Intelligence Software Enterprise Echosec Techniques Secures $10 Million Credit history Facility From Espresso Cash

Vancouver, BC, March 23, 2022–(T-Web)–Espresso Cash declared today that it has provided Echosec Methods, a leading open-source intelligence computer software organization, with a $10 million credit score facility.

Relied on by protection and intelligence teams to check social media and dim world-wide-web networks, the enterprise will use the funds to make strategic enhancements to its alternatives and broaden its investments in profits and marketing.

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“We’re fired up to be partnering with Espresso to attain the non-dilutive advancement cash we need to execute our overarching approach,” claimed Echosec CEO, Jeff Oldenburg. “By better contextualizing open supply facts by means of NLP and solution enhancements, we’re encouraging our shoppers derive authentic-time insights across dozens of languages in help of their missions. This is producing it easier for our shoppers to lower noise and concentration on the most essential geopolitical and security challenges.”

Echosec Systems’ intelligence applications have develop into basic for stability and intelligence teams throughout the world. The company’s computer software answers support bridge the details gap between on the net chatter and genuine-globe stability threats and are encountering tremendous consumer desire.

“Echosec has a apparent benefit proposition to its consumers that’s only starting to be a lot more appropriate in the current geopolitical local climate,” mentioned Espresso Affiliate Director, James Langford. “That mixed with their established management team, solid unit economics, and supportive investor base are amid the quite a few reasons why we are pleased to be partnering with Jeff and his staff.”

“Espresso has been a wonderful lover,” ongoing Oldenburg. “With the enormous tailwinds we are looking at for open up resource intelligence, this facility will enable us to accelerate in a speedily evolving landscape though offering enormous worth for our clients and their operations.”

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About Echosec Systems

Echosec Units offers protection and intelligence groups with streamlined obtain to a vast variety of social details in true-time. Their world-wide-web-dependent options are reliable by world-wide teams to provide timely, appropriate details to improve situational awareness on the floor and notify initiatives like geopolitical hazard evaluation, counterterrorism, disinformation checking, and disaster reaction.

About Espresso Capital

Espresso empowers providers with progressive undertaking financial debt solutions. Since 2009, we have aided more than 300 technology providers and their investors accelerate progress, lengthen runway, and maximize strategic versatility with non-dilutive money. Master more at espressocapital.com.