Security orchestration D3 Security has raised $10m in growth equity funding from Vistara Growth.
According to D3, the funding will be augmented by a $5m credit facility from a ‘major financial institution’, raising a total amount of $15m overall. Vistara growth founder and managing partner John O’Donoghue and Randy Garg will join the D3 Security board as part of the investment.
Founded in 2004, D3 Security is a leader in next-generation security orchestration, automation and response (SOAR).
The company’s SOAR platform – which is due to be released imminently – helps security teams integrate their security tools and cut on manual tasks through automation and provide rapid responses to threats.
D3 claims its SOAR platform is designed for ease of use with intuitive configuration, testing and operation.
D3 said it will use the new investment from Vistara to innovate through product development, scale to support its rapidly growing base of clients and partners and expand sales and marketing efforts to ‘capture the global demand’ for SOAR.
D3 Security president Gordon Benoit said, “We’ve always been confident that we have the most powerful, agile, and easy-to-use SOAR platform on the market. This investment from Vistara will supercharge our ability to reach the thousands of enterprises, MSSPs, and MDR providers around the world who need a solution like ours.”
Vistara growth investment director John O’Donoghue added, “We believe that as the benefits of SOAR gain wider recognition with increasingly security-conscious enterprises, the market is growing fast and D3’s platform is at the forefront. They are an ambitious technology company with a world-class product, and we look forward to supporting them as they reach their full potential.”
Copyright © 2021 RegTech Analyst
Copyright © 2018 RegTech Analyst
