Siemplify, an independent provider of security orchestration, automation and response (SOAR), has secured USD30 million in Series C funding led by Georgian Partners.
Siemplify will use these new funds to drive significant expansion of its global go-to-market strategy, as well as further enhance its market-leading security operations platform. Siemplify’s existing investors – 83North, G20 Ventures and Jump Capital – also participated in the round. The Series C investment brings Siemplify’s total funding to date to USD58 million, a testament to the company’s growing dominance in the SOAR space.
“Siemplify is rapidly solidifying its position as the leading independent SOAR provider, with a differentiated offering and a clear vision of enabling organizations to manage security operations from end to end,” says Steve Leightell, partner at Georgian Partners. “We are excited to lead the Series C funding round and to support Siemplify as it continues its fast growth.”
Faced with a steady increase in the volume of security alerts, disparate security tools not designed to work together and a global cybersecurity talent shortage, security teams are constantly under pressure to do more with less. Siemplify serves as a 10x force multiplier for security teams: the Siemplify platform is an intuitive workbench that enables them to manage security operations from end to end, automate repetitive tasks and integrate security tools to respond to cyberthreats with speed and precision, while getting smarter with every analyst interaction.
“Our security operations platform alleviates the most pressing pain points faced by security operations teams,” says Amos Stern, CEO and co-founder of Siemplify. “This significant investment and expertise from Georgian will allow us to expand our global presence and drive further innovation to make security operations smarter, more efficient and more collaborative. And as we continue our journey, nothing makes us more grateful than working alongside and solving challenges for the people to whom we owe our success: our customers and partners.”
