Demisto, a security startup focusing on incidence response, announced this week that it has raised a $20 million Series B. The round was led by ClearSky, joined by Accel, Slack Fund, and other strategic investors.
The company plans to use the Series B to expand its marketing and sales team and to fund new engineering innovations coming later this year.
Demisto’s enterprise platform was announced in May with the goal of making security operations centers more efficient, says Rishi Bhargava, co-founder and VP of marketing at Demisto.
“The challenge that the security space is facing is that there’s not enough skilled analysts available to work on incidents and alerts,” says Bhargava. “A human analyst needs to go investigate, and this shortage is the problem we are looking at.”
The platform allows analysts to automate day-to-day tasks by orchestrating actions across a number of integrated security tools to create automated playbooks. Demisto has integrated security tools from companies like Palo Alto Networks, Carbon Black, Splunk, FireEye, and CheckPoint.
The platform is also equipped with a chat room where analysts are able to ask a bot or other analysts questions to troubleshoot. The bots serve as analysts’ personal sidekicks and are able to respond to commands like deleting files or blocking certain devices from a network. “No one else allows for this type of collaboration among bots and other analysts on an incident response platform,” Bhargava claims.
Demisto has multiple service provider customers, with ESRI being one of its bigger ones. It also has customers in the financial, healthcare, gaming, and tech verticals.
This Cupertino, California-based company was founded in July 2015 and announced its enterprise platform in May. Demisto has close to 30 employees, Bhargava says.