Demisto, a provider of security operations platform, has raised $43m in Series C funding.
The round, which brings the company’s total funding to $69m, was led by Greylock Partners, with participation from previous investors Accel Partners and ClearSky Security, among others.
Based in Cupertino, California, Demisto said it will use the new funds to drive global go-to-market expansion, accelerate adoption and deployment of its Security Orchestration, Automation and Response (SOAR) platform, and take SOAR ‘well beyond’ Security Operations Center (SOC) use cases.
Its solutions enable security teams to automate incident response across disparate security environments. Demisto’s security orchestration and automation enables standardized, automated, and coordinated response across an organisation’s security product stack.
“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.”
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. It integrates with hundreds of security products and enables organizations to build playbooks for security operations and incident response scenarios
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’ visualisation 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.
Demisto has already acquired more customers in the first half of 2018 than it did during the entirety of 2017, with its customer base including dozens of Fortune 500 companies.
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