NEA leads funding round for ZeroFox

ZeroFox, a Baltimore-based cybersecurity startup, said it secured $10.7 million in Series A funding led by Timonium-based New Enterprise Associates, a venture capital firm.

The funding round includes a $450,000 non-dilutive incentive from the state of Maryland.

Also participating in the round were earlier investors Genacast Ventures (a fund in partnership with Comcast Ventures), Core Capital and a number of notable security industry luminaries.

The completion of the Series A funding round brings the company’s total funding over the past 12 months to $13 million.

The company was founded in January 2013.

ZeroFox’s technology enables organizations to identify, manage and mitigate the information security risks associated with employee and corporate social media usage.