Security Automation Firm Respond Raises $20 Million
Respond Software, a California-based company that specializes in helping security teams become more efficient through automation technology, on Tuesday announced that it raised $20 million in a Series B funding round.
The investment, which brings the total raised by the company to $32 million, was led by ClearSky Security, with participation from previous investors CRV and Foundation Capital.
Respond plans on using the money to accelerate go-to-market operations and expand its customer success teams.
The company’s solutions are designed to address the shortage of skilled security analysts by using what it calls Robotic Decision Automation (RDA), which combines human expert judgement with software to help organizations improve security alert monitoring and triage capabilities at a reduced cost.
“The lack of skilled security analysts, coupled with the exponential growth of security-related data, has enterprises in crisis mode and increasingly recognizing that the status quo won’t cut it,” said Jay Leek, managing director at ClearSky Security, who will join Respond’s board of directors. “Respond Software’s RDA software for security operations is the missing link in today’s automation portfolio, as it performs like a virtual team of expert analysts ‘in a box,’ allowing companies to immediately expand their security operations cost-efficiently.”