Dropzone AI on Monday announced raising $37 million in a Series B funding round, which brings the total raised by the company to more than $57 million.
The cybersecurity firm’s latest funding round was led by Theory Ventures, with participation from Madrona, Decibel Ventures, Pioneer Square Labs, and IQT.
The investment will be used by Dropzone AI to enhance its product, grow sales, marketing and customer success teams, and expand partnerships and technical integrations.
Dropzone AI has developed what it describes as AI SOC analysts that are designed to autonomously investigate and solve security alerts.
The AI analysts can investigate alerts related to phishing, endpoint, network, cloud, identity and insider threats. They are designed to mimic the reasoning process of expert human analysts, but significantly reduce the time it takes to conduct an analysis.
Dropzone AI’s agents can collect information from third-party SIEM, SOAR, EDR, and cloud security tools such as Microsoft Defender, Splunk, CrowdStrike and AWS Security Hub.
The information is then analyzed and the agents determine whether the detected behavior is dangerous or benign, and containment action is taken if necessary. The AI analysts continuously adapt based on what they are seeing in the customer’s environment.
“Dropzone AI’s ability to autonomously triage and investigate security alerts with human-level reasoning is a game-changer in a market that’s overwhelmed by alert fatigue and attack frequency,” said Vivek Ramaswami, partner at Madrona Ventures.
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