The US-based, Israeli-founded security orchestration and automation platform Siemplify announced on Monday that it closed a $30 million Series C funding round led by Toronto-based growth equity firm Georgian Partners. Venture capital firms 83North and G20 Ventures and Jump Capital also participated in the round.
The investment brings Siemplify’s total funds to $58 million to date.
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Founded in 2015 by Israeli intelligence experts, the Siemplify platform calls itself “an intuitive workbench that enables [security teams] to manage security operations from end to end, automate repetitive tasks and integrate security tools to respond to cyber threats with speed and precision, while getting smarter with every analyst interaction.”
“Our security operations platform alleviates the most pressing pain points faced by security operations teams,” said Siemplify CEO and co-founder Amos Stern. “This significant investment and expertise from Georgian will allow us to expand our global presence and drive further innovation to make security operations smarter, more efficient and more collaborative. And as we continue our journey, nothing makes us more grateful than working alongside and solving challenges for the people to whom we owe our success: our customers and partners.”
“Siemplify is rapidly solidifying its position as the leading independent SOAR provider, with a differentiated offering and a clear vision of enabling organizations to manage security operations from end to end,” said Steve Leightell, a partner at Georgian Partners. “We are excited to lead the Series C funding round and to support Siemplify as it continues its fast growth.”