https://venturebeat.com/2019/05/30/swimlane-raises-23-million-for-cybersecurity-orchestration-automation-and-response/
By Kyle Wiggers
VentureBeat
@kyle_l_wiggers
May 30, 2019
Swimlane, a Denver-based security operations management software provider,
today announced that it has secured $23 million in series B funding from Energy
Impact Partners, bringing its total capital raised to $35 million. The new
funds will be used to accelerate product development and expand the company’s
partnerships, said CEO and cofounder Cody Cornell, and to continue to improve
collaboration across organizations and sectors.
“The sheer volume of threats, shortage of available security talent, and lack
of integration between existing security and IT products creates an almost
impossible situation for the modern security ops team,” said Cornell. “Swimlane
is built for organizations looking to alleviate the pain of being understaffed
and overworked, improving staff retention by moving away from reactive mundane
tasks and, ultimately, creating a more proactive, effective, and secure
organization.”
Swimlane’s suite of security orchestration, automation, and response (SOAR)
tools can automate 80-90% of the incident response process, the company claims,
with extensible automated workflows and playbooks that interface with
organizations’ existing tools while addressing data compliance laws and
regulations across verticals. Its platform features dashboards and reports that
bubble to the surface metrics of note, including remediation cases in progress,
alert levels, and threat intelligence, and which track (and allow admins to
execute) scenario-specific security tasks and actions.
[...]
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