Swimlane, a security automation startup, has raised $70m in a Series C funding round headed by Activate Capital.
The round also saw participation from Energy Impact Partners and 3Lines Venture Capital. Following this round, Swimlane has raised a total of $170m since inception.
Colorado-based Swimlane claims it is the leader in cloud-scale, low-code security automation. The company offers an automation platform that unifies security operations and helps companies address security workflows across their environments.
The firm said its Turbine platform relies on low-code security automation to capture telemetry and combine it with human logic to transform it into actionable intelligence that can help speed up incident response.
Swimlane says its Turbine platform relies on low-code security automation to capture telemetry and combine it with human logic to transform it into actionable intelligence that can help accelerate incident response.
Swimlane plans to use the new capital to speed up growth and operations worldwide and to invest in platform innovations.
Swimlane board member Niloofar Razi Howe said, “The accelerating pace of threat telemetry coupled with a rapidly expanding attack surface is outstripping the ability for humans to act. Swimlane is filling in one of the biggest gaps in cybersecurity today by putting humans back in control with a low-code approach to security automation.â€
Inspectiv, a vulnerability detection platform, recently closed its Series A round on $16m.
Copyright © 2022 FinTech Global
