Red Canary, a Denver, CO-based provider of security operations solutions, raised $34m in funding.
The round was led by Summit Partners, with participation from existing investors Access Venture Partners and Noro-Moseley Partners. In conjunction with the funding, Andy Collins, a Managing Director at Summit Partners, has joined Red Canary’s Board of Directors.
The company intends to use the funds to to scale its team to accelerate delivery of outcome-focused security operations solutions.
Founded in 2014 and led by Brian Beyer, CEO, Red Canary is a provider of cloud-based managed detection and response (“MDR”) solutions already defending hundreds of organizations around the world – from global Fortune 100s to 100-employee organizations. The company’s proprietary software platform ingests and analyzes over 500 terabytes of telemetry per day and applies proprietary behavioral analytics technology to surface potential threats to an in-house team of expert security analysts.
The solution fully integrates MDR and security orchestration, automation and response (“SOAR”) capabilities to measurably decrease the time required to resolve threats.