From: RegTech Analyst
Security analytics startup Uptycs has raised $30m in a Series B round led by Sapphire Ventures with participation of Comcast Ventures and ForgePoint Capital.
The round brings to total capital raised by Uptycs to $43m. It will use the new cash injection to keep reimagining cloud workload and endpoint security with its structured query language-powered security analytics platform.
“Modern endpoints and cloud providers are difficult to observe and secure without real-time analysis of their streaming telemetry,” said Ganesh Pai, founder and CEO of Uptycs. “Traditional endpoint and SIEM vendors are simply not able to scale and unlock instant insights. By modelling the domain of endpoint and cloud security using relational database techniques and real-time pipeline processing, we’ve created an innovative SQL-powered security analytics platform for visibility and accelerated time to insight. It is very gratifying to hear a user’s aha-moment when they realize the possibilities of the Uptycs’ platform are only limited by one’s imagination.”
Among other investments, Sapphire Ventures has previously led Auth0’s $103m Series E round, backed Netskope and supported Exabeam.
“We’re excited to lead the Series B financing round for Uptycs, and believe that Ganesh Pai and his team have started on a journey to become a company of consequence,” said Jai Das, Managing Director and President at Sapphire Ventures. “Uptycs is one of the first to apply SQL-powered innovation to security analytics, democratizing security analytics and enabling anyone with SQL knowledge to become a security analyst. This helps solve a critical cybersecurity need for enterprises, which is the lack of security analysts needed for security operations centres.”
Forgepoint Capital made the news in February when it closed its $450m sophomore fund. The investor has previously backed companies like Huntress and Secure Code Warrior.
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