Dropzone AI, a developer of AI security analysts for security operations teams, announced it has raised $16.85 million in Series A funding. Theory Ventures led the funding round, adding to the company’s cohort of existing investors Decibel Partners, Pioneer Square Ventures, and In-Q-Tel (IQT). Carta CISO Garrett Held, Head of Security at Postman Joshua Scott, and Integreon President and Head of Cyber Solutions Anshu Gupta participated in the Series A round. Theory Ventures founder Tomasz Tunguz will also join the board in connection with the investment. Dropzone will use this new funding round to continue scaling its GTM motion and its engineering team.
Cyber defenders struggle in the war against attackers due to a lack of resources. There is a shortage of about 4 million cybersecurity workers. And this issue is incredibly challenging among smaller organizations with limited budgets. And managed security service providers also have to make tough trade-offs between quality and labor costs.
Dropzone AI is the first AI SOC analyst that replicates the techniques of elite human analysts. And it autonomously investigates alerts (including cloud, network, identity, endpoint, and phishing alerts) 24/7, allowing cybersecurity teams to do vastly more work with the same team. The Dropzone AI analyst reduces the manual work of human analysts associated with alerts by 90% – which takes the task of investigating alerts from 5-40 minutes per alert to 3 minutes to review reports on the most pressing threats.
Rather than being a copilot or chatbot that requires constant prompting, Dropzone autonomously orchestrates tier-1 security alert investigation end-to-end. And it does not require any playbooks, code, or chat prompts and can be deployed in 30 minutes. So analyst teams can focus on real threats and amplify their output. Dropzone AI was recently named a finalist in the 2024 RSAC Innovation Sandbox Contest, the youngest and the only Gen AI-powered enterprise security technology in that cohort.
KEY QUOTES:
“Cyberdefenders are losing today and will face more challenges when attackers leverage AI for more sophisticated attacks. Dropzone AI gives defenders extra brainpower through AI reinforcements that tackle the routine and time-consuming tasks of investigating alerts, allowing SecOps teams to focus on the high-priority threats and projects.”
- Edward Wu, founder and CEO at Dropzone AI
“Dropzone combines a deep understanding of security operations with the most powerful AI systems in security. Dropzone’s virtual analysts automate rote analytical security work to ensure stronger defenses against an increasing number of increasingly advanced AI attacks.”
- Tomasz Tunguz, Founder of Theory Ventures
“The use of Dropzone allows Critical Insight’s SOC analysts to concentrate on the tasks that truly require human intelligence while having Dropzone handle SOC tasks suited for AI. We’ve measured and validated an increase in the speed and quality of investigations. Critical Insight’s mission is to defend hospitals and cities against cyberattacks. Speed and accuracy matters. Giving our SOC analysts the right kinds of AI tools can save lives.”
Garrett Silver, CEO of Critical Insight, a leading Managed XDR provider leveraging Dropzone’s AI SOC analysts to improve the depth of its investigations
“Dropzone gives you more accurate, more complete analyses of investigation data. It leads to issue resolution in 10% of the time, and it even gets better with use. It will allow you to resolve more issues in less time. And, it will increase your team’s happiness and reduce its burnout.”
- Jonathan Jaffee, CISO at Lemonade Insurance
“Dropzone goes beyond chatbots and copilots and delivers true end-to-end autonomous investigations. IQT and our government partners are excited about Dropzone’s innovative approach to leveling up cyber.”
- William Morrison, Principal at IQT
