“We have seen tremendous adoption of our platform and it is inspiring to see customers using our solutions to unlock more collaboration and productivity for their end-users. “At Theta Lake, we are rearchitecting compliance with integrated security for the modern communication and information sharing platforms of today’s workforce,” said Devin Redmond, CEO and Co-founder of Theta Lake. I am so impressed with the Theta Lake team and look forward to helping them continue to scale, and to execute on its broader vision.” “The company’s value proposition is clear: Its technology helps customers avoid costly regulatory missteps and potentially devastating data breaches-mistakes and threats that might not be caught with legacy, email-centric security and compliance technologies. “Theta Lake’s proven, cloud-native technology is gaining traction in the market amid tectonic shifts in the way organizations work, both online and offline,” said Dharmesh Thakker, a Battery Ventures general partner who is joining Theta Lake’s board. The latest funding round is a validation that the workplace has become increasingly digital since the COVID-19 pandemic, and organizations need new tools to stay compliant and avoid damaging outside cyber threats. Leveraging certified integration partnerships with the world’s leading unified-communication and online-meeting providers, Theta Lake is helping organizations manage increasingly complex security and compliance issues across new video, voice, chat, and document platforms that are quickly augmenting or replacing older technologies, like traditional e-mail and intranets, as well as in-person meetings. The new investment brings the company’s total funding raised to date to over $70 million. The round also includes investments from existing investors such as Lightspeed Venture Partners, Neotribe Ventures and Cisco Investments, as well as new investments from RingCentral Ventures, Salesforce Ventures, and Zoom Video Communications, Inc.
#ZOOM VIDEO COMMUNICATIONS SANTA BARBARA SERIES#
SANTA BARBARA, Calif.-( BUSINESS WIRE)- Theta Lake, the leader in unified communication security and compliance solutions tailored to today’s new, increasingly digital and distributed world of work, announced a $50 million series B funding round led by Battery Ventures.
0 kommentar(er)
