Syncurity, a Bethesda, Maryland based cybersecurity company that is considered a leader in Security Orchestration, Automation and Response (SOAR), announced that it has raised $2 million in funding. This round was originally led by the Maryland Technology Development Corporation before it closed oversubscribed with the addition of Kluz Ventures through The Next Impact fund.
Former Zscaler CISO Michael Sutton also recently joined Syncurity’s board of advisors. Sutton said that he is thrilled to work with Syncurity to “address core enterprise SOAR requirements and shape the future of Security Response, while extending the boundaries of the space.”
With this round of funding, Syncurity will be extending its IR-FLOW platform and expand its technical and channel partnerships. Plus the company is going to further accelerate growth. Syncurity IR-Flow is considered the only SOAR platform built by analysts and for analysts and takes a “process-first” approach and enables security teams to streamline the whole incident management process ranging from threat hunting to post-conviction incident response.
“These additional funds — along with the institutional firms behind them — as well as our strong Board of Advisors will enable Syncurity to extend the lead of our IR-Flow platform to new customers and partners around the world,” said Syncurity CEO John Jolly in a statement. “Our unique, visual, ‘process-first’ approach and extensible case management capabilities are increasingly recognized as superior alternatives to first-generation, DIY automation tools that lack strong case management and auditing functionality.”
IR-Flow provides analyst efficiency and reduces detection, investigation, and response times. And it’s also worth mentioning that IR-FLOW is not volume-priced. Plus IR-FLOW’s end-to-end case management capabilities provides enterprises with real-time visibility into security operations and captures machine-based actions and reporting and compliance.
“Syncurity’s patent-pending product architecture, analyst-driven interface and extensible system integrations were a natural choice for us to extend our cybersecurity portfolio into the fast-growing SOAR market,” added Kluz Ventures managing partner Artur Kluz.
SixThirty CYBER also participated in this round. And SixThirty Cyber General Partner Jason Clarke pointed out that Syncurity’s ability to automate and orchestrate real-world incident response processes has been quickly gaining traction with global enterprises and MSSPs/MDRs.
