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Security Automation Firm Swimlane Closes $70 Million Funding Round

Security automation startup Swimlane on Wednesday announced it has raised $70 million in a Series C funding round that brings the total investment in the company to $170 million.

Security automation startup Swimlane on Wednesday announced it has raised $70 million in a Series C funding round that brings the total investment in the company to $170 million.

The new investment round was led by Activate Capital, with participation from existing investors Energy Impact Partners (EIP) and 3Lines Venture Capital.

The Colorado-based company provides an automation platform that unifies security operations and helps organizations address security workflows across their environments.

Swimlane says its Turbine platform relies on low-code security automation to capture telemetry and combine it with human logic to transform it into actionable intelligence that can help accelerate incident response.

The company plans to use the funding to accelerate growth and operations worldwide and to invest in platform innovations.

“The accelerating pace of threat telemetry coupled with a rapidly expanding attack surface is outstripping the ability for humans to act. Swimlane is filling in one of the biggest gaps in cybersecurity today by putting humans back in control with a low-code approach to security automation,” Swimlane board member Niloofar Razi Howe said.

Related: Token Raises $13 Million for Its Biometric Authentication Ring

Related: Hadrian Raises $11 Million for Offensive Security Platform

Related: French Encryption Firm Cosmian Raises $4.4 Million

Related: HYCU Raises $53 Million for Data Backup Technology

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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