Revelstoke Security announced on Wednesday that it has raised $20 million in a Series B funding round, bringing their total investment to $38 million. The round was co-led by ClearSky Security and SYN Ventures, and also included additional investment from Crosslink Capital and Rally Ventures.
Revelstoke is a San Jose, California based company that provides a security orchestration, automation, and response (SOAR) platform. Built using a common data language, the platform integrates disparate data and systems. It also provides case management and security performance metrics to automate analysis and access artifacts, correlations, notes, and reports from a single place.
The company plans to use the new investment to expand and enhance the SOAR platform with additional out-of-the-box integrations, hire new talent, and expand market presence with new channel partnerships. Patrick Heim, managing partner of SYN Ventures, is also joining Revelstoke’s board of directors.
The company’s CEO and co-founder Bob Kruse said, “With Revelstoke, we rethought security automation from the ground up to create the first next level SOAR platform. It’s low code, high speed, and thanks to the Unified Data Layer you can integrate anything.”
Revelstoke’s Series B funding announcement is one of many recent investments in the security sector. Vouched recently raised $6.3 million for their identity verification platform, data security startup CommandK raised $3 million in seed funding, software supply chain security firm Lineaje raised $7 million, and Boxx Insurance raised $14.4 million in Series B funding.
In conclusion, Revelstoke Security has secured $20 million in a Series B funding round, bringing the total investment to $38 million. This investment will be used to expand the SOAR platform with additional out-of-the-box integrations, hire new talent, and expand market presence with new channel partnerships. Additionally, SYN Venture’s managing partner Patrick Heim will be joining Revelstoke’s board of directors.
Key Points:
- Revelstoke Security has raised $20 million in a Series B funding round, bringing the total investment to $38 million.
- The funding was co-led by ClearSky Security and SYN Ventures, with additional investment from Crosslink Capital and Rally Ventures.
- Revelstoke plans to use the new investment to expand and enhance the SOAR platform, hire new talent, and expand market presence with new channel partnerships.
- SYN Venture’s managing partner Patrick Heim will be joining Revelstoke’s board of directors.
- This announcement comes on top of a number of recent investments in the security sector.