SYS-CON MEDIA Authors: Yeshim Deniz, Elizabeth White, Roger Strukhoff, Jason Bloomberg, Pat Romanski

News Feed Item

Cybersecurity Firm Syncurity Closes $2M Seed Round of Institutional Investment

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.

“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,” said Artur Kluz, Managing Partner of Kluz Ventures. “Syncurity’s ability to automate and orchestrate real-world incident response processes is quickly gaining traction with global enterprises and MSSPs/MDRs,” according to 630 Cyber General Partner, Jason Clarke.

“Based on my first-hand knowledge of the challenges facing enterprise CISOs in today’s security landscape, I’m thrilled to work with the Syncurity team to address core enterprise SOAR requirements and shape the future of Security Response, while extending the boundaries of the space,” commented Michael Sutton.

“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. “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.”

Follow Syncurity:
Twitter: @syncurity
LinkedIn: https://www.linkedin.com/company/syncurity
Blog: https://www.syncurity.net/blog/

About Syncurity

Syncurity™ optimizes and integrates people, process and technology to realize better cybersecurity outcomes. Syncurity’s award-winning and patent-pending IR-Flow® platform accelerates security operations teams by delivering an analyst-centric incident response platform. For more information, visit https://www.syncurity.net.

To learn more about how Syncurity’s customers are leveraging the IR-Flow platform, please visit https://www.syncurity.net/resource-center/case-studies/

About TEDCO

TEDCO provides resources and connections that early-stage technology and life sciences companies need to thrive in Maryland. TEDCO’s mission is to discover, invest in, and help build great Maryland-based companies. Learn more at www.tedco.md

About Kluz Ventures

Kluz Ventures is a private investment firm passionate about new technologies, investing through a family of sector-specific funds in industries that will revolutionize our world and drive future growth. Our The Next Impact fund is focused on breakthrough and transformative technologies, including artificial intelligence, blockchain, FinTech, and cybersecurity. Learn more at www.kluzventures.com

About SixThirty CYBER

SixThirty CYBER is a global Cyber Security venture capital fund and go-to-market program. Their mission is to identify and invest in the most promising and innovative ideas in Cyber Security from across the globe, and work with like-minded corporate partners to mentor and drive growth through their network of CISO’s and corporate security leaders. Learn more at https://sixthirtycyber.com

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Intel is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world's second largest and second highest valued semiconductor chip maker based on revenue after being overtaken by Samsung, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactu...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential. DevOpsSUMMIT at CloudEXPO expands the DevOps community, enable a wide sharing of knowledge, and educate delegates and technology providers alike.
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
Cloud-Native thinking and Serverless Computing are now the norm in financial services, manufacturing, telco, healthcare, transportation, energy, media, entertainment, retail and other consumer industries, as well as the public sector. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that pro...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
OpsRamp is an enterprise IT operation platform provided by US-based OpsRamp, Inc. It provides SaaS services through support for increasingly complex cloud and hybrid computing environments from system operation to service management. The OpsRamp platform is a SaaS-based, multi-tenant solution that enables enterprise IT organizations and cloud service providers like JBS the flexibility and control they need to manage and monitor today's hybrid, multi-cloud infrastructure, applications, and wor...
Apptio fuels digital business transformation. Technology leaders use Apptio's machine learning to analyze and plan their technology spend so they can invest in products that increase the speed of business and deliver innovation. With Apptio, they translate raw costs, utilization, and billing data into business-centric views that help their organization optimize spending, plan strategically, and drive digital strategy that funds growth of the business. Technology leaders can gather instant recomm...
The Master of Science in Artificial Intelligence (MSAI) provides a comprehensive framework of theory and practice in the emerging field of AI. The program delivers the foundational knowledge needed to explore both key contextual areas and complex technical applications of AI systems. Curriculum incorporates elements of data science, robotics, and machine learning-enabling you to pursue a holistic and interdisciplinary course of study while preparing for a position in AI research, operations, ...
CloudEXPO has been the M&A capital for Cloud companies for more than a decade with memorable acquisition news stories which came out of CloudEXPO expo floor. DevOpsSUMMIT New York faculty member Greg Bledsoe shared his views on IBM's Red Hat acquisition live from NASDAQ floor. Acquisition news was announced during CloudEXPO New York which took place November 12-13, 2019 in New York City.
Industry after industry is under siege as companies embrace digital transformation (DX) to disrupt existing business models and disintermediate their competitor’s customer relationships. But what do we mean by “Digital Transformation”? The coupling of granular, real-time data (e.g., smartphones, connected devices, smart appliances, wearables, mobile commerce, video surveillance) with modern technologies (e.g., cloud native apps, big data architectures, hyper-converged technologies, artificial in...
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
Tapping into blockchain revolution early enough translates into a substantial business competitiveness advantage. Codete comprehensively develops custom, blockchain-based business solutions, founded on the most advanced cryptographic innovations, and striking a balance point between complexity of the technologies used in quickly-changing stack building, business impact, and cost-effectiveness. Codete researches and provides business consultancy in the field of single most thrilling innovative te...
Atmosera delivers modern cloud services that maximize the advantages of cloud-based infrastructures. Offering private, hybrid, and public cloud solutions, Atmosera works closely with customers to engineer, deploy, and operate cloud architectures with advanced services that deliver strategic business outcomes. Atmosera's expertise simplifies the process of cloud transformation and our 20+ years of experience managing complex IT environments provides our customers with the confidence and trust tha...