Demisto Secures $43M in Series C Financing

demistoDemisto, a Cupertino, CA-based developer of Security Orchestration, Automation and Response (SOAR) technology, closed a $43m Series C funding.

The round, which brought total funding to date to $69m, was led by Greylock Partners, with participation from Accel Partners, ClearSky Security and others.

The company intends to use the funds for global go-to-market expansion, adoption and deployment of its SOAR platform, and take SOAR beyond Security Operations Center (SOC) use cases.

Led by CEO Slavik Markovich, Demisto provides a Security Orchestration, Automation and Response (SOAR) platform that combines orchestration, incident management and interactive investigation into a sinle experience. Demisto Enterprise, powered by its machine learning technology, acquires knowledge from the real-life analyst interactions and past investigations to help SOC teams with analyst assignment suggestions, playbook enhancements, and best next steps for investigations.
The company recently launched v4.0 of its product, expanding the platform into advanced threat hunting, cloud security and more. New features include: an Investigation Canvas that improves security analysts’ visualization of attack campaigns, end-to-end automation of Amazon Web Services (AWS) cloud security processes and hundreds of other enhancements suggested by existing customers and partners.



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