Radiant Security Closes $15 Million in Series A

by Kay Aloha Villamor in November 17th, 2023

Radiant Security, a San Francisco, CA-based AI-enhanced security operations solutions provider, closed a $15 million Series A funding.

SaaS Investors

The round was led by Next47, with participation from existing investors Lightspeed Venture Partners, Acrew Capital, Uncorrelated Ventures, Jibe Ventures, and new investor General Advance.

Next47 is a global venture firm built for enterprise founders. Based in Silicon Valley, and with offices in the US, Europe, and Israel, the firm leads investments in early and expansion-stage companies, with a focus on SaaS, Enterprise IT, Deep Tech, and AI/ML/Dev.

Radiant Security Use of Funds

The company plans to use the funds to expand its engineering and go-to-market capacity. 

About Radiant Security

Radiant Security is a SecOps platform that enables the SOC to leverage the power of AI to streamline and automate analyst workflows. The company offers an AI-powered security co-pilot for security operations centers (SOCs). It enables SOCs to harness the power of AI to boost analyst productivity, detect more real attacks, and slash incident response times from days or weeks to minutes. The company's SOC co-pilot assists security analysts by automating tasks like alert triage and incident investigation, enhancing productivity and response speed. 

Funding Details

Company: Radiant Security, Inc.

Raised: $15.0M

Round: Series A

Funding Month: November 2023

Lead Investors: Next47

Additional Investors: Lightspeed Venture Partners, Acrew Capital, Uncorrelated Ventures, Jibe Ventures and General Advance

Company Website: https://radiantsecurity.ai/

Software Category: AI-enhanced Security Operations Solutions

Source: https://www.businesswire.com/news/home/20231114352970/en/

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