- Uptycs announced recently that it has raised $50 million in Series C funding. These are the details.
Uptycs announced that it has raised $50 million in Series C funding. Including this funding round, the company has raised $93 million. This funding round was led by Norwest Venture Partners with participation from Sapphire Ventures and ServiceNow Ventures.
What does Uptycs do? The company provides the first cloud-native security analytics platform that enables endpoint and cloud security from a single platform. And the solution provides a unique telemetry powered approach to address multiple use cases, including Extended Detection & Response (XDR), Cloud Workload Protection (CWPP), and Cloud Security Posture Management (CSPM). Plus Uptycs enables security professionals to quickly prioritize, investigate, and respond to potential threats across a company’s entire attack surface.
The funding comes on the heels of significant momentum for Uptycs, which is marked by consecutive years of triple-digit growth. And the company also introduced a number of high-quality products to its portfolio, including advanced threat detection and investigation capabilities, a cloud security and compliance offering for AWS, and 2 open source telemetry connectors: kubequery and cloudquery. Plus Uptycs also recently released its results from the 2020 ATT&CK Evaluations for Enterprise performed by MITRE Engenuity, showcasing the platform’s strength in cross-platform threat detection.
The new funding round will fuel the next phase in Uptycs’ growth, including expanding the breadth of its cloud-native security analytics platform, and building out its global sales and marketing operations.
KEY QUOTES:
“Recent global events have accelerated the adoption of cloud services and cloud-native approaches to improve resiliency, thereby permanently changing the attack surface. Data doesn’t live solely on the corporate network; productivity endpoints are mobile; production workloads are elastic and distributed across clouds; identity and access management has morphed into today’s firewall; and sensitive data lives in cloud-based apps like G Suite, Salesforce, and GitHub. It’s a completely different challenge to secure these attack surfaces, and we’re innovating to deliver a comprehensive solution. This round will help us continue to evolve our platform to enable enterprises worldwide to secure their endpoint and cloud resources both proactively and reactively.”
— Ganesh Pai, CEO, Uptycs
“After a thorough evaluation by our security engineering team, Uptycs was deployed on a large scale as a key component of our security posture. The Uptycs platform provides a broad set of security capabilities with instant endpoint and asset visibility that powers detection and response as well as compliance and governance.”
— Leon Li, Vice President, Comcast Security
“Uptycs’ vision from day one was to create the industry’s most comprehensive cloud-native security analytics product—and they delivered. Their unique approach to unifying cloud and endpoint security is especially critical today as security teams look to strengthen their security posture as a result of remote work and accelerated cloud adoption. We believe they are poised to become the next security titan, and we look forward to playing a role in their growth.”
— Dave Zilberman, General Partner, Norwest Ventures
