Dropzone AI Secures $16.85 Million in Series A

by Kay Aloha Villamor in April 29th, 2024

Dropzone AI, a Seattle, WA-based AI-powered Security Operations Center (SOC) solutions provider, has secured $16.85 million in Series A funding. 


The round was led by Theory Ventures, with participation from existing investors including Decibel Ventures, Pioneer Square Ventures, and In-Q-Tel (IQT). 

Dropzone AI Use of Funds  

The funding will drive growth and innovation, scaling Dropzone AI's go-to-market strategy and engineering team to further redefine the cybersecurity landscape with Gen AI-powered solutions. 

About Dropzone AI  

Dropzone AI is a cybersecurity company developing AI-driven SOC analysts. Their autonomous SOC analysts automate Tier 1 investigations, escalate real issues for human review, and close benign alerts. Its technology works alongside human analysts to streamline investigations, reduce alert fatigue, and improve response times. The company's mission is to augment cyber defenders with an army of Gen-AI powered autonomous analysts so defenders can drive back attackers and reclaim the higher ground. 

Funding Details  

Company: Dropzone AI 

Raised: $16.85M  

Round: Series A 

Funding Month: April 2024  

Lead Investors: Theory Ventures  

Additional Investors: Decibel Ventures, Pioneer Square Ventures, In-Q-Tel 

Company Website: https://www.dropzone.ai/ 

Software Category: Cybersecurity

Source: https://www.dropzone.ai/blog/dropzone-announces-series-a-funding-round 

Your cart