Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Siemplify Raises $30 Million in Series C Funding

Siemplify, a New York, NY-based provider of security orchestration, automation and response (SOAR) tools, today announced that it has secured $30 million in a Series C funding round led by Georgian Partners.

Siemplify, a New York, NY-based provider of security orchestration, automation and response (SOAR) tools, today announced that it has secured $30 million in a Series C funding round led by Georgian Partners.

This latest funding brings the total amount raised by the company to $58 million. 

Designed to help security operations teams work more efficiently, Siemplify’s platform assists with tasks ranging from incident triage and investigation to collaboration and remediation.

Founded in 2015 by former Israeli Defense Forces (IDF) security experts, the company says it has experienced 1,000% year-over-year growth in 2017 and 280% growth in 2018.

The company says the additional funding will be used support global expansion and to to enhance its security operations platform. 

Previous investors – 83North, G20 Ventures and Jump Capital – also participated in the round.

Advertisement. Scroll to continue reading.

Related: There’s More to SOAR

Written By

For more than 15 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 founder and director of several leading cybersecurity industry conferences around the world.

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing for the latest cybersecurity threats, trends, and expert insights.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Learn how to address potential risks and not restrict AI adoption in your organization. See what a centralized AI gateway is and how it works in practice.

Register

Join as we decipher the world of zero trust and share war stories on securing an organization by eliminating implicit trust and continuously validating every stage of a digital interaction.

Register

People on the Move

David Cass has joined Grayscale Investments as Chief Risk Officer.

Thomas Dager has been appointed Vice President and Chief Information Security Officer at The Goodyear Tire & Rubber Company.

Alex Stamos has become Chief Information Security Officer at Cognition.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.