Respond Software announced that it has closed a $20 million Series B funding round, led by ClearSky Security, with participation from previous investors CRV and Foundation Capital. The company, which develops Robotic Decision Automation (RDA) software for security operations, will use the funds to boost operations, and expand customer success teams across the globe.
“We founded Respond Software to give cybersecurity teams a product that emulates — at scale — the judgement of expert security analysts, effectively giving those operations an extra team to help defend their organization,” said Mike Armistead, CEO of Respond Software, in a press release. “This new funding will enable us to deliver on the tremendous response our RDA software has received thus far, so more security teams can monitor and triage security events 24/7/365 at unprecedented speed, scale and consistency. We’re also thrilled to have Jay Leek as part of our team for the next phase of this journey — we look forward to reaping the benefits of his passion and expertise.”
As part of this latest investment round, Jay Leek, managing director for ClearSky Security and former CISO of Blackstone, will join Respond Software’s board of directors.
“The lack of skilled security analysts, coupled with the exponential growth of security-related data, has enterprises in crisis mode, and increasingly recognizing that the status quo won’t cut it,” said Leek. “Respond Software’s RDA software for security operations is the missing link in today’s automation portfolio, as it performs like a virtual team of expert analysts ‘in a box,’ allowing companies to immediately expand their security operations cost-efficiently.”
The new funding comes after significant growth for Respond Software, including being named in Gartner’s Cool Vendors in Security Operations and Vulnerability Management report. The company’s flagship product, the Respond Analyst, is currently used by numerous Fortune 500 companies with large security operation centers (SOCs), as well as resource-constrained mid-enterprise companies nationwide.