Stairwell, a CyberTech firm that is focused on empowering security teams, has raised $45m in a Series B funding round.
The round was led by Section 32 and saw participation from Accel, Lux Capital, Gradient Ventures, Sequoia Capital as well as investors Michael Ovitz and Eric Schmidt. Following this round, Stairwell has raised a total of $69.5m since it was founded.
Founded in 2019, Stairwell helps organisations take back the cybersecurity ‘high ground’ with solutions that attackers can’t evade. The company claims its flagship product, the Inception platform, empowers security teams to outsmart any attacker.
Stairwell said its Series B will enable the company to meet increased demand for new Inception features as malware attacks continue to climb.
Through the scaling of the platform, Stairwell said this will create a more intuitive and integrated experience for increased customer success in securing their organisations against any emerging malware threats.
In addition, this recent influx of capital will play a key role in the expansion of the Stairwell team. The company has increased its headcount by 100% since the closing of the Series B, with plans to continue to add a lot more. These hires will include specialised engineers to bring more functionality to Inception as a whole.
Stairwell CEO and founder Mike Wiacek said, “New vulnerabilities are discovered daily, and continuous monitoring, threat hunting, and response are needed for around-the-clock efforts to secure the enterprise. Our goal is to plug these gaps, while simultaneously strengthening organizations’ overall security stack via capturing, storing, and analyzing all executable files across their environment.
“This Series B reflects the confidence investors feel in Inception and Stairwell’s mission to enable security teams to take back control of their data and stay one step ahead of even the most advanced attackers.”
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst