Demisto, a Cupertino, Calif.-based maker of software that helps Security Operations teams fight “alert fatigue” and reduce the time to respond to a breach, announced on Thursday that it has closed a $20 million Series B round of funding.
In addition to announcing the new funding, the company introduced the latest version of its security operations platform. The company’s new “Demisto Enterprise 2.0 Security Operations Platform” is an incident management platform designed to help customers integrate threat feeds and manage indicators to automate threat hunting operations.
The platform is available now with annual pricing starting at $100,000 for up to two analysts.
“Demisto was built to make security analysts’ lives easier with its combined incident response case management and security orchestration platform,” said Slavik Markovich, CEO of Demisto.
“Demisto simplifies the way enterprises manage incident response with its automated and collaborative incident response platform that delivers unprecedented insight and resolution into complex threats,” explains Jay Leek, managing director at ClearSky and former CISO of Blackstone.
According to the company, the new funds will be used to expand operations and accelerate new product development and customer rollouts, and support sales and marketing efforts.
With offices in Silicon Valley and Tel Aviv, the new funding brings Demisto’s total funding to $26 million.
For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.
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