Demisto Secures $43 Million Series C Financing

Security Orchestration, Automation and Response (SOAR) technology provider Demisto closed a $43 million Series C funding round led by Greylock Partners. Additional investors participating in the round include Accel Partners and ClearSky Security, bringing total funding to date to $69 million.

Demisto Enterprise is designed to integrate with hundreds of security products and enable organizations to build playbooks for security operations and incident response scenarios. According to the company, the solution has helped Security Operations Center (SOC) teams reduce the number of alerts requiring human review by as much as 95 percent.

Demisto plans to use the funds to drive global go-to-market expansion, accelerate adoption and deployment of its SOAR platform, and take SOAR well beyond SOC use cases.