LimaCharlie, the creator of the first-ever Security Operations (SecOps) Cloud Platform, celebrates a $10.2 million Series A investment round led by Sands Capital with follow-on from new and previous investors, including CoFound Partners, Long Journey Ventures, Lytical Ventures, Myriad Venture Partners, StoneMill Ventures, and Strategic Cyber Ventures. As the demand for a flexible, scalable approach to security grows, the funding will accelerate team expansion and introduce new capabilities to the SecOps Cloud Platform.
Transforming cybersecurity by redefining SecOps
“The SecOps Cloud Platform is transforming cybersecurity from disjointed tools to integrated solutions tailored to each organization’s needs. LimaCharlie’s vision is to make security operations as flexible as the cloud made IT operations—reducing inefficiencies, security gaps, and extreme costs,” said Maxime Lamothe-Brassard, Founder and CEO of LimaCharlie. “This investment allows us to continue leading the paradigm shift toward the public cloud model for cybersecurity. Companies are embracing our vision for flexible, on demand security infrastructure they can leverage to consolidate tools and customize defense.”
Unlike traditional vendors, LimaCharlie allows organizations to tailor their security stack to fit their unique needs via an open API. Because it’s delivered as flexible infrastructure, integrations are simplified and security teams gain complete control and visibility into their environments.
Also read: Sysdig Named the No. 1 Cloud Security Platform of 2023
Financial momentum underscores demand for new approach
Despite challenging conditions for cybersecurity startups, LimaCharlie continues to expand upon its hundreds of customers in enterprise security, managed service providers, and cybersecurity vendors. The company has experienced significant YoY growth, showcasing the transformational potential of a public cloud model for security operations.
“The technology that our businesses and lives depend upon is changing really fast. To secure it, we need to rethink cybersecurity and deploy infrastructure capabilities like LimaCharlie’s that can be easily built upon and adapted over time. The age of black boxes is over,” said Mark McGovern, Venture Partner at Sands Capital. “LimaCharlie’s customers are building amazing capabilities and redefining how cybersecurity is deployed and managed. We’re excited to be a part of the solution that’s modernizing security.”
LimaCharlie’s SecOps Cloud Platform is already empowering some of the top technological leaders in information security. One of LimaCharlie’s customers, a managed detection and response provider, achieved annual cost savings of $100,000, improved their average detection and response times by 98%, and laid the groundwork for long-term growth after implementing the platform.
“With rapidly evolving threats and technologies, companies are in need of solutions that provide flexibility and future-proof their security posture,” said Dean Mai, Co-founder and Partner at Myriad Venture Partners. “At Myriad, we back visionary companies that are strategically positioned to lead their markets. Maxime and the LimaCharlie team embody this ideal. By delivering the agility, extensibility and scalability necessary to stay ahead of escalating security threats and IT complexity, we firmly believe that LimaCharlie has the right platform and talent to redefine the future of cloud-based security operations.”
SOURCE: PRNewswire