Syncurity, a market leader in Security Orchestration, Automation and Response (SOAR), today announced the second and final close of its two million 2018 institutional investment round. The round was initially led by the Maryland Technology Development Corporation (TEDCO) before closing oversubscribed with the addition of Kluz Ventures, through its fund The Next Impact, and SixThirty CYBER. In addition, the company has added former Zscaler (NASDAQ:ZS) CISO, Michael Sutton to its Board of Advisors, further enhancing Syncurity’s depth of security, technology and cloud expertise.
Proceeds of the investment round will be used to extend Syncurity’s award-winning IR-Flow platform, expand technical and channel partnerships and further accelerate the company’s growth worldwide. These new investors bring a proven track record of success, depth of experience and global reach to guide the company during its next phase of expansion.
Syncurity IR-Flow is the only SOAR platform built by analysts for analysts that takes a “process-first” approach and allows security teams to streamline the entire incident management process — from proactive threat hunting and pre-conviction alert handling to post-conviction incident response. IR-Flow is not volume-priced, providing predictable, affordable costs. In addition to dramatically increasing analyst efficiency and reducing detection, investigation and response times, Syncurity IR-Flow’s end-to-end case management capabilities provide enterprises with complete, real-time visibility into security operations, capturing all human and machine-based actions and simplifying reporting and compliance.