Todyl – a leading security and networking company – announced it closed a $50 Million Series B funding round led by Base10 Partners with participation from Anthos Capital, Tech Operators, and StoneMill Ventures. The Series B funding round will support Todyl’s goal of transforming cybersecurity with an all-in-one security platform that empowers IT professionals with the tools, insights, and automation needed to defend against ever-changing threats.
Todyl is the world’s leading small and medium business cybersecurity platform, uniquely consolidating Secure Access Service Edge (SASE), Security Information & Event Management (SIEM), Managed eXtended Detection & Response (MXDR), Endpoint Security (EDR/NGAV), Security Orchestration, Automation & Response (SOAR), and Governance, Risk & Compliance (GRC).
With the addition of SOAR, Todyl further empowers businesses to execute rapid, automated response actions across endpoints and Microsoft 365. The new module serves as a springboard for future developments that will equip businesses with automation, orchestration, and response actions to address threats quickly.
In addition, Austin McChord, founder and former CEO of Datto, will join Todyl’s advisory board, bringing a wealth of knowledge that will greatly benefit Todyl’s strategic direction. Under Austin’s 11 years of leadership at Datto, he helped grow the company into a $1B industry giant.
The funding will enable Todyl to go faster by growing headcount, expanding office locations globally, and accelerating the development of the industry-leading platform through engineering investments.
KEY QUOTES:
“Small and medium businesses are facing sophisticated cyber threats at an unprecedented frequency. The cost and complexity have kept the capabilities required to defend against ever-changing tactics and adversaries in the hands of large enterprises. Our revolutionary, cloud-first platform levels the playing field for businesses of all sizes. We purpose-built our platform to utilize a single agent that delivers the capabilities of multiple point solutions. It’s easy-to-use, cost-effective, and modular, empowering IT professionals to effectively prevent, detect, and respond to modern threats across their entire environment—SaaS, cloud, data center, office, and remote.”
– John Nellen, Founder and CEO at Todyl
“We got excited about Todyl as it has positioned itself as a credible security leader on the same plane as CrowdStrike and others. Todyl has demonstrated that it is becoming a meaningful and serious alternative to some of the incumbents in the space. The company’s growth and vision has reminded us of Palo Alto Networks, but for an SMB segment that’s been largely ignored by the cybersecurity market up until this point.”
– Jason Kong, Partner at Base10 Partners
“Todyl’s unique platform is a versatile toolkit for addressing SMB security challenges efficiently and effectively. I’m looking forward to helping them progress the vision and accelerate growth.”
– Austin McChord
“Todyl has achieved an incredible feat: build an in-house platform to comprehensively ingest, comprehend, defend and secure customer environments by using a lightweight, single agent. Consolidating networking and security into a single platform and agent just makes sense from an overall business perspective.”
– Justin Dews, General Manager, Techvera
