Swimlane raises $23 million to automate cybersecurity

[InfoSec News <alerts () infosecnews org>]

https://venturebeat.com/2019/05/30/swimlane-raises-23-million-for-cybersecurity-orchestration-automation-and-response/

By Kyle Wiggers
VentureBeat
@kyle_l_wiggers
May 30, 2019

Swimlane, a Denver-based security operations management software provider, 
today announced that it has secured $23 million in series B funding from Energy 
Impact Partners, bringing its total capital raised to $35 million. The new 
funds will be used to accelerate product development and expand the company’s 
partnerships, said CEO and cofounder Cody Cornell, and to continue to improve 
collaboration across organizations and sectors.

“The sheer volume of threats, shortage of available security talent, and lack 
of integration between existing security and IT products creates an almost 
impossible situation for the modern security ops team,” said Cornell. “Swimlane 
is built for organizations looking to alleviate the pain of being understaffed 
and overworked, improving staff retention by moving away from reactive mundane 
tasks and, ultimately, creating a more proactive, effective, and secure 
organization.”

Swimlane’s suite of security orchestration, automation, and response (SOAR) 
tools can automate 80-90% of the incident response process, the company claims, 
with extensible automated workflows and playbooks that interface with 
organizations’ existing tools while addressing data compliance laws and 
regulations across verticals. Its platform features dashboards and reports that 
bubble to the surface metrics of note, including remediation cases in progress, 
alert levels, and threat intelligence, and which track (and allow admins to 
execute) scenario-specific security tasks and actions.

[...]

--
Subscribe to InfoSec News
https://www.infosecnews.org/subscribe-to-infosec-news/
https://twitter.com/infosecnews_