Demisto, which is based out of a Cupertino, CA-based developer of Security Orchestration, Automation, and Response (SOAR) technology, today in a report has announced that they have closed a $43m Series C funding. The round, which brought total funding to date to $69m, was led by some of the prominent investors like the Greylock Partners, with participation from Accel Partners, ClearSky Security, and others.
The company intends to use the funds for global go-to-market expansion, adoption, and deployment of its SOAR platform, and take SOAR beyond Security Operations Center (SOC) use cases.
The startup which is Led by CEO Slavik Markovich, Demisto provides a Security Orchestration, Automation and Response (SOAR) platform that combines orchestration, incident management and interactive investigation into a single experience. Demisto Enterprise, powered by its machine learning technology, acquires knowledge from the real-life analyst interactions and past investigations to help SOC teams with analyst assignment suggestions, playbook enhancements, and best next steps for investigations.
“Demisto is rapidly gaining momentum as the leading security operations platform,” said Sarah Guo, General Partner at Greylock Partners. “We are excited to lead Demisto’s Series C, and look forward to supporting Demisto as it builds an important security company that helps a global customer base get leverage against adversaries.”
“Our vision has always been to become the de-facto workbench of the security analyst, providing them with a simplified console that unifies intelligence and actions response at scale,” said Demisto CEO Slavik Markovich. “Demisto has attained significant momentum and built up market share during the last 12 months, and we are quickly building a large global company like no other in our field. We owe our success so far to our customers, for their early adoption, trust, and collaboration towards product development efforts.”
The company recently launched v4.0 of its product, expanding the platform into advanced threat hunting, cloud security and more. New features include an Investigation Canvas that improves security analysts’ visualization of attack campaigns, end-to-end automation of Amazon Web Services (AWS) cloud security processes and hundreds of other enhancements suggested by existing customers and partners.
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