Security Company Demisto Raises $20M

Written by: Wyatt Carlson
Source URL: https://www.sdxcentral.com/articles/news/security-company-demisto-raises-20m/2017/02/

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.

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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.”

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About Calsoft

Calsoft is a leading software product engineering services company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. www.calsoftinc.com

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