Theta Lake Expands Global Presence to Address Privacy and Regulatory Compliance Requirements for Existing and New Customers in the UK

▤ Summary

Coming off a rapid period of growth, including a $12.7 million Series A round in October 2020 led by Lightspeed Venture Partners with the addition of Cisco Investments and award-winning industry leaders to its roster of advisors, this UK expansion further solidifies Theta Lake’s position as a global, market-leading security and compliance brand. “Theta Lake helps us meet the FCA’s clear recording and supervision requirements for voice and video calls using RingCentral," said Daniel Bridges, CTO of UK-based Attivo Group. “In light of the recent FCA update reasserting the requirement for all calls to be recorded across distributed workforces and for all steps to be taken to prevent market abuse, the combination of Theta Lake’s innovative and fully automated risk detection and supervision capabilities and Conversa by Red Box’s secure, resilient capture of real-time, enterprise-wide communications, has never been more important for UK-based companies. We are thrilled to partner with Theta Lake to better equip our joint customers to meet regulatory requirements, reduce traditionally resource-intensive compliance processes and avoid the costs and risks associated with non-compliance,” said Pete Ellis, CPO at Red Box. “We are delighted that Theta Lake has chosen to grow its global footprint in London, providing technology that helps UK businesses be safer and more compliant when using modern collaboration tools.

▦ Linked Companies

Theta Lake

$1M to $5M