Reach Security—a company pioneering advanced AI for reinventing security operations—announced $20 million in funding. The Series A funding round was led by Ballistic Ventures, with participation from Artisanal Ventures and industry luminaries, including Mark McLaughlin (former CEO and President of Palo Alto Networks) and Denise Persson (CMO of Snowflake). Existing investors Webb Investment Network, Ridge Ventures, and TechOperators joined the round.
In the cybersecurity market, leaders have become tired of buying tools without knowing whether they would help. And the defenders are stretched thin in mastering the increasing number of capabilities. Attackers can easily exploit gaps in out-of-data configurations, causing more breaches than ever. These issues have driven momentum for Reach Security.
Reach Security co-founders Garrett Hamilton (CEO) and Colt Blackmore (CTO) spent over a decade building detection and prevention products at some of the most prominent cybersecurity companies: Palo Alto Networks, Proofpoint, and Cylance.
Reach Security provides the first AI purpose-built to reprogram an organization’s security infrastructure based on who it is and how it is being attacked. Unlike solutions limited to cloud security, Reach Security works across the entire security estate and interrogates each tool while gathering data on who is being targeted and how the attacks work. The platform takes seconds to set up and minutes for each action without any sensors, infrastructure, or attack simulations necessary.
KEY QUOTES:
“Our time in the trenches gave us the unique opportunity to stand shoulder-to-shoulder with hundreds of security teams when things went wrong, and it was always the same story: They could’ve stopped the attack with the tools they already had. Every other company in our industry will say that you need another security mousetrap to solve this problem. They’re wrong. We’ve looked at tens of thousands of enterprises and seen firsthand that the average security team uses less than 20% of what they have and, as a direct result, they struggle to secure their organization.”
– Garrett Hamilton, CEO of Reach Security
“Reach Security represents a pivotal shift in how cybersecurity leaders will buy, deploy and manage their security solutions. Before companies invest in more point products, they need to know how to use their current solutions effectively to minimize their risk exposure and maximize efficacy without disrupting the business. From day one, we’ve been impressed with the team and technology behind Reach, and their approach aligns perfectly with our vision to invest in companies that are truly redefining the cybersecurity landscape.”
– Barmak Meftah, Co-founder and General Partner of Ballistic Ventures, who joins the Board of Directors as part of the firm’s investment
“The history, and future, of security is centered on the continued struggle between platforms and best-of-breed. Companies want the network effect, optimization, and operational efficiency of security platforms, but refuse to accept anything less than best-of-breed in capabilities. Garrett and the team at Reach understand this and offer customers a path toward platforms while still getting best-of-breed, by meeting them where they are and focusing on making them operationally effective on the journey.”
– Mark McLaughlin, the former CEO and President of Palo Alto Networks, and angel investor in Reach
“We’ve seen firsthand how Reach’s platform increases our visibility and optimizes our security stack, providing our teams with capabilities to measurably maximize our effectiveness. Reach has offered a valuable capability that helps my team realize Autodesk’s mission to be the most trusted partner in the industries we serve.”
– Sebastian Goodwin, Global CISO of Autodesk, a Reach customer
“Reach has found a way to take the age-old problem of ‘too many tools and not enough people’ and solve it with a purpose-built product that focuses on helping organizations be as effective as possible with what they already have. They’re showing that pragmatic approaches to solving security problems can have an outsized impact on our industry.”
– Geoff Belknap, CISO of LinkedIn, a strong Reach supporter
“Reach’s market opportunity is massive. Its product resonates with teams and our customers. The idea that security is most effective when tailored to an organization is something we’ve preached in security for years, and Reach is making it scalable for the first time with AI.”
– Jon Jensen, Vice President of Cyber Security Sales at Presidio, a Reach channel partner
