Todyl secures $50m in Series B to bolster SMB cybersecurity efforts


Todyl, a leading security and networking firm, has recently announced a significant milestone, securing a $50m Series B funding round.

The investment was spearheaded by Base10 Partners, with notable contributions from Anthos Capital, Tech Operators, and StoneMill Ventures. This financial infusion is earmarked to propel Todyl’s mission of transforming cybersecurity through a comprehensive, all-in-one security platform designed to equip IT professionals with essential tools, insights, and automation for combating evolving threats.

At its core, Todyl is revolutionizing cybersecurity for small and medium businesses (SMBs). The company has positioned itself at the forefront of the cybersecurity domain by consolidating pivotal security services, including Secure Access Service Edge (SASE), Security Information & Event Management (SIEM), and Managed eXtended Detection & Response (MXDR), among others, into a singular, cloud-first platform. This innovative approach enables IT professionals to effectively prevent, detect, and respond to modern threats across diverse environments, from SaaS and cloud to data centers and remote offices, using a single agent.

The newly secured funds will be utilized to enhance Todyl’s platform, specifically targeting headcount growth, global office expansion, and accelerated development through engineering investments. This strategic financial boost is aimed at solidifying Todyl’s commitment to providing SMBs with accessible, efficient, and comprehensive cybersecurity solutions.

Adding to Todyl’s strategic advancements, the company recently introduced a Security Orchestration, Automation & Response (SOAR) module. This addition is poised to empower businesses with the ability to execute swift, automated response actions, particularly across endpoints and Microsoft 365, setting the stage for future innovations focused on automation, orchestration, and response to swiftly tackle threats.

Noteworthy commentary comes from Jason Kong, Partner at Base10 Partners, who remarked on Todyl’s positioning and potential within the cybersecurity landscape. “Todyl has demonstrated that it is becoming a meaningful and serious alternative to some of the incumbents in the space. The company’s growth and vision has reminded us of Palo Alto Networks, but for an SMB segment that’s been largely ignored by the cybersecurity market up until this point.”

Furthermore, the addition of Austin McChord, the Founder and Former CEO of Datto, to Todyl’s Advisory Board marks a significant enhancement to the company’s strategic direction. McChord’s extensive experience and achievements with Datto, transforming it into a $1bn industry leader, are expected to greatly benefit Todyl’s vision and growth trajectory.

Concluding the announcement, Todyl’s innovative approach and strategic expansions underscore its commitment to equipping IT professionals with a unified platform to effectively counter cybersecurity threats. The company’s MSP-first, channel-only strategy further highlights its dedication to empowering SMBs with scalable, efficient, and integrated cybersecurity solutions.

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