Security orchestration, automation and response (SOAR) provider D3 Security this week announced raising $10 million in growth equity investment from Vistara Growth.
D3 Security also said it obtained an additional $5 million in debt financing from a major financial institution.
The company plans on using the money to improve its product, to grow, and to expand sales and marketing efforts.
D3 Security also announced the imminent release of its XGEN SOAR platform, which provides automation and orchestration capabilities across more than 360 integrated tools. The company says its codeless playbooks “automate enrichment and remediation tasks, while making it easy for anyone to build, modify, and scale workflows for security operations, incident response, and threat hunting.”
“We’ve always been confident that we have the most powerful, agile, and easy-to-use SOAR platform on the market,” said Gordon Benoit, founder and president of D3 Security. “This investment from Vistara will supercharge our ability to reach the thousands of enterprises, MSSPs, and MDR providers around the world who need a solution like ours.”
Related: Swimlane Raises $40 Million to Expand SOAR Business
Related: The Evolution of SOAR Platforms
Related: Siemplify Raises $30 Million in Series C Funding
Related: There’s More to SOAR
Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
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