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.

Mike Lennon

May 20, 2019

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.

Related: There’s More to SOAR

Written By Mike Lennon

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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