PlexTrac

The company's core offering is a SaaS-based platform that serves both enterprise security teams and Managed Security Service Providers (MSSPs). PlexTrac's business model is centered on subscriptions, with tiered pricing and add-on modules to cater to a diverse client base that includes Fortune 500 companies. Revenue is generated by providing tools that aggregate security assessment data from various sources, such as penetration tests and vulnerability scanners, into a single, centralized system. This consolidation allows security professionals to move beyond static reports to a more dynamic, collaborative workflow.

The platform's key function is to transform the entire lifecycle of vulnerability management. It allows teams to automate the creation of penetration test (pentest) reports, a process that can be reduced by up to 75%. Features include a centralized content library, customizable report templates, and integrations with ticketing systems like Jira and ServiceNow to automate remediation and retesting workflows. A significant differentiator is its configurable scoring engine, which helps teams prioritize vulnerabilities based on business-specific context rather than relying solely on generic scores. The platform also incorporates AI-powered capabilities, using Google Cloud's Vertex AI to generate report narratives and analyze data, further enhancing efficiency and insight. With deployment options including secure cloud, private hosted, or on-premise, PlexTrac provides flexibility for organizations with varying security requirements.

Since its bootstrapped MVP, PlexTrac has achieved significant financial milestones, including a $10 million Series A in 2021 and a $70 million Series B round in 2022, led by Insight Partners. This funding has fueled product development and market expansion. In June 2023, Andy Langsam was appointed CEO to steer the company's growth, allowing DeCloss to focus on technology and product strategy as CTO.