Swimlane, a Boulder, Colorado-based low-code security automation company, announced that it raised $70 million in growth funding.
The round was led by Activate Capital, existing investors Energy Impact Partners (EIP), and 3Lines Venture Capital also participated in the round.
The new investment will accelerate the company’s ongoing growth and operations on a global scale while continuing to advance its platform innovations in security automation ahead of the competition.
As part of the funding, the company also announced that Raj Atluru, Managing Partner at Activate Capital, will join the Swimlane Board of Directors.
Company: Swimlane Inc.
Raised: $70.0M
Round: Growth Funding
Funding Month: July 2022
Lead Investors: Activate Capital
Additional Investors: Energy Impact Partners (EIP) and 3Lines Venture Capital
Company Website: https://swimlane.com/
Software Category: Low-Code Security Automation Platform
About the Company: Swimlane is the leader in cloud-scale, low-code security automation. Swimlane unifies security operations in and beyond the SOC into a single system of record that helps overcome process and data fatigue, chronic staffing shortages, and quantifying business value. The Swimlane Turbine platform combines human and machine data into actionable intelligence for security leaders. Swimlane unlocks the potential of automation beyond the SOC by delivering a low-code platform that serves as the system of record for the entire security organization and enables anyone within the organization to contribute their knowledge and expertise to the protection of the organization. Swimlane is headquartered in Denver, Colorado, with operations throughout North America and Europe.
Source: https://swimlane.com/news/70m-growth-round-fuels-low-code-security-automation