Full Steam Ahead! Coalfire Systems Secures $5 Million in Funding from Baird Venture Partners

Rick Dakin, CEO, Co-founder and Chief Security Strategist

People often ask me what defines a successful company. At Coalfire Systems, it’s having a clear roadmap of services that clients need and want, which in turn drives growth and expansion. I am pleased to announce that Coalfire Systems has received an investment of $5 million dollars from Baird Venture Partners. As the governance, risk and compliance industry (GRC) really heats up, Coalfire is prepared to help clients meet their security challenges head-on. This funding will provide us with the capital we need to open more offices, hire more people and enhance our compliance management platform. As a result of this transaction investment, please welcome BVP Partners Jim Pavlik and Benedict Rocchio to the Coalfire Systems board of directors. Stay tuned—more exciting developments to come!

Rick Dakin


Rick Dakin — CEO, Co-founder and Chief Security Strategist

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