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Venture Capital News: Siemplify Pulls In $10M

NEW YORK, NY, Siemplify, the leader in security operations and incident response solutions, today announced a $10 million financing round.
Building on recent strategic wins among the Fortune 500, the company will use the funds to address growing demand for its ThreatNexus platform, which is revolutionizing security operations and incident response for enterprise and managed security service provider (MSSP) customers.

The new funding was led jointly by 83North and G20 Ventures. The round also included notable individual investors: Dave Strohm of Greylock Partners and Alex Daly, founder of Arcsight, among others.

Siemplify's ThreatNexus is the industry's leading enterprise security operations platform that seamlessly fuses the security fabric, through proprietary graph architecture, into a single pane of glass. This enables enterprise security operations center (SOC) teams to perform the full spectrum of threat analysis and incident response; from case management and analytics, to hunting, threat intelligence, workflow automation and reporting.

SOC teams seek context, prioritization and visualization across their security infrastructure to improve incident response. ThreatNexus has been proven to streamline, mature and automate threat response by reducing the number of alerts, increasing analyst bandwidth, and accelerating the time to remediation of incidents across small and large security teams, in both enterprise and multi-tenant MSSP environments.

By seamlessly using existing security infrastructure and log repositories, enterprises gain significant added value from security tools and systems, and leverage prior security investments.

Amos Stern, CEO and Co-founder of Siemplify, said, 'This funding will enable us to expand our vision of a single pane of glass and meet the escalating demand we are seeing within the enterprise and MSSP marketplaces. Customers are fatigued with the myriad of tools necessary to run their security operations and initiate response. With ThreatNexus, for the first time, our customers are realizing an end-to-end solution that they've long been craving.'

'The team at Siemplify has created a revolutionary solution that is changing the way in which organizations scale their security operations and protect their environment,' said Bill Wiberg, Co-founder, G20 Ventures. 'Current and prospective customers have made it remarkably clear to us that ThreatNexus is now the primary tool their analysts rely on to respond to threats. SOC teams no longer have to navigate across multiple tools and siloed systems to investigate and mitigate cyber threats.'

'We're excited to have the opportunity to continue our partnership with the Siemplify team and increase our investment in the company as it accelerates its growth,' said Yoram Snir, Partner, 83North. 'Siemplify ThreatNexus is becoming the de-facto choice to power advanced and sophisticated security operations centers worldwide.'

This announcement follows the recent introduction of a Splunk Query Engine for ThreatNexus that enables SOC teams to upgrade the full scope of their security functionality, and the launch of the company's Nucleus Channel Partner Program, which extends the reach of ThreatNexus on a national basis.

About Siemplify
As security threats grow in quantity and sophistication, enterprises require more intelligent security operations. Siemplify was founded by Amos Stern, Garry Fatakhov and Alon Cohen, former members of the Israel Defense Force Intelligence Corps with extensive backgrounds in security operations and intelligence in response to this need. Siemplify ThreatNexus is the industry's first security operations platform to fully unify the diverse security tools used in organizations, providing security operations centers with an end-to-end solution for analyzing and responding to security threats. Its powerful engine interconnects disparate security solutions and data sources into a unified, highly intelligent and adaptable graph. The result accelerates and improves every phase of the security operation process from detection to mitigation, reducing incident response times from days to minutes. The company is privately held with headquarters in New York and R&D in Israel. For more information about Siemplify, please visit and follow @Siemplify, LinkedIn/Siemplify and Facebook/Siemplify.

Siemplify and ThreatNexus are trademarks of Cyarx Technologies Ltd.
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