Query.AI Closes Oversubscribed $15 Million Series A Round to Enable Greater Security Operations Efficacy and Efficiency Across Decentralized Cloud, Third-Party SaaS and On-Prem Environments
Summary
– October 19, 2021 – Query.AI, the provider of the market’s only security investigations control plane for modern enterprises, today announced the successful close of an oversubscribed $15 million Series A financing round. Companies everywhere are struggling to figure out how they can bring security operations capabilities to these disparate environments, and they’re seeing that it’s extremely difficult, costly, inefficient and ineffective to send information in and out of these silos. According to the Ponemon Institute, the average organization spends $2.7 million per year on engineering work used to integrate disparate security data, build out rules and content and automate processes. “Enterprises have found that SOAR tools require time-consuming software engineering efforts to build playbooks and manage API integrations, and they are still unable to provide analysts with the ability to investigate interactively. We will continue to benefit from their advice and experience as we help more companies and industries accelerate cybersecurity investigations and efficiently respond to threats.” Earlier this year, Query.AI was named a 2021 Gartner Cool Vendor in Security Operations and was included in the Forrester Research, Inc. “New Tech: Extended Detection and Response (XDR) Providers, Q3 2021” report.