Demisto, the US-based company operating in the space of Security Orchestration, Automation and Response (SOAR) technology, has announced the closing of a $43 million Series C funding round led by Greylock Partners. Additional investors participating in this funding round include early investors Accel Partners, ClearSky Security and others, bringing total funding to date to $69 million.
The company will leverage these funds to drive global go-to-market expansion, accelerate adoption and deployment of its industry-leading SOAR platform, and take SOAR well beyond Security Operations Center (SOC) use cases.
“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.”
Amidst fast-growing adoption of SOAR technologies, this latest investment underscores Demisto’s leadership in enabling security teams to automate incident response across disparate security environments. Demisto’s security orchestration and automation enables standardized, automated, and coordinated response across an organization’s security product stack. Playbooks powered by thousands of security actions make scalable, accelerated incident response a reality.
“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, founded in 2015 by Dan Sarel, Guy Rinat, Rishi Bhargava, and Slavik Markovich, claims to be the only Security Orchestration, Automation and Response (SOAR) Platform that combines orchestration, incident management and interactive investigation into a seamless experience.