Siemplify Raises $14 Million as Market for Security Orchestration Accelerates

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Summary

To help human beings separate attention-worthy signals from the rising din of distracting noise, SOAR enables the management of disparate cybersecurity tools - including SIEM, endpoint protection, threat intelligence and more - through a single platform that helps security operations teams respond to threats faster and more effectively. Siemplify’s holistic analyst workbench and insight-driven approach are unique in the industry, providing security operations teams with the depth of information they need to conduct better, faster investigations. “We are thrilled to be part of Siemplify’s journey as it continues to grow into a category leader.” Capitalizing on the significant momentum in the SOAR space, Siemplify is on track for exponential growth in 2018, with a 532% year-over-year increase in customer bookings and 350% growth in its customer base in the first half of 2018. Leading enterprises and MSSPs leverage Siemplify as their SOC workbench, tripling analyst productivity by automating repetitive tasks and bringing together disparate security technologies. Founded by Israeli Defense Forces security operations experts, Siemplify is headquartered in New York with offices in Tel Aviv.

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Amount $14.0M Total raised
Date July 24, 2018 Announcement date
Investors 83North, G20 Ventures, Jump Capital Lead investors
Company http://www.siemplify.co Funded company

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Siemplify
$10M to $25M