Broomfield-based cybersecurity company raises $260,000
BROOMFIELD — Introspective Power Inc., DBA Introspective Networks, has raised $260,000 in capital.
The Broomfield-based cybersecurity company is offering equity, debt and convertible stock, according to a Form D filed with the U.S. Securities and Exchange Commission.
The capital the company has raised so far will go to new hires and bringing patented products to market, said Anthony Thompson, president of the company.
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Introspective Networks’ patents focus on what they call STOP technology, or stream transmissions one-time pad protocol. STOP uses a moving target defense with data: it moves data around in a way that is unpredictable, Thompson said.
Introspective Networks is now releasing several products that use STOP technology. Its app, Smoke Confidential, allows for secure messaging, confidentiality and data protection. There are other products in the smoke line the company is also promoting, like its Smok VPN service and Smoke firewall.
Thompson added that the company has five full-time employees and about 23 all together, including commission-based salespeople. The company is planning on using the capital it raised and new contracts it plans to close this year to hire more. There are also plans for another round of fundraising.
