Security orchestration, automation and response company Siemplify has raised $14 million in Series B financing.
The round, led by Jump Capital with participation from existing investors G20 Ventures and 83North, brings total investment in the company to $28 million since its foundation in 2015.
Siemplify truly lives up to its name, simplifying security operations by uniting security teams, tools and processes, and providing the clarity needed to act decisively and quickly.
– Saurabh Sharma, partner, Jump Capital
Siemplify’s holistic security operations platform combines security orchestration and automation with an “insight-driven approach” to manage feedback from disparate cybersecurity tools and help cybersecurity staff recognise and respond to genuine threats.
“Siemplify goes beyond orchestration and automation to provide a complete SOC platform that delivers insights to SOC managers and faster answers to security analysts,” said Amos Stern, co-founder and CEO of Siemplify. “This funding further validates our approach and will allow us to help even more customers around the globe to streamline and simplify their security operations.”
The company says that the new funds will be put towards sales and marketing, as well as continued product innovation.
According to its press release, Siemplify saw a 532% year-over-year increase in customer bookings and 350% growth in its customer base in H1 2018.
“Siemplify truly lives up to its name, simplifying security operations by uniting security teams, tools and processes, and providing the clarity needed to act decisively and quickly,” said Saurabh Sharma, partner at Jump Capital, who will be joining Siemplify’s board of directors as part of the investment. “We are thrilled to be part of Siemplify’s journey as it continues to grow into a category leader.”
