The prevalence of security automation has exploded in recent years, a trend that appears to have been accelerated by the COVID-19 pandemic, as companies adapt to remote workforces and a growing attack surface.
In response to growing online security threats, Vancouver’s D3 Security has secured a growth equity investment of USD $10 million from Vistara Growth.
D3 is the leader in next-generation security orchestration, automation and response (SOAR). D3’s cutting edge SOAR platform helps many of the world’s most sophisticated security teams integrate their security tools, eliminate time-consuming tasks via automation, and orchestrate lightning-fast responses to threats.
As the leading independent SOAR vendor, D3 integrates with virtually any security tool, bringing automation to the entire stack, enabling the use of best of breed solutions, and maximizing the value of existing security investments.
The equity investment will be augmented by a $5 million credit facility from a major financial institution, raising the total funding to $15 million.
The investment from Vistara will enable D3 to continue to innovate through product development, scale to support its rapidly growing base of clients and partners, and greatly expand sales and marketing efforts to capture the global demand for SOAR.
“We’ve always been confident that we have the most powerful, agile, and easy-to-use SOAR platform on the market,” said Gordon Benoit, D3 Security President. “This investment from Vistara will supercharge our ability to reach the thousands of enterprises, MSSPs, and MDR providers around the world who need a solution like ours.”
“We believe that as the benefits of SOAR gain wider recognition with increasingly security-conscious enterprises, the market is growing fast and D3’s platform is at the forefront,” said John O’Donoghue, Vistara Growth Investment Director. “They are an ambitious technology company with a world-class product, and we look forward to supporting them as they reach their full potential.”
Both O’Donoghue and Vistara Growth Founder and Managing Partner Randy Garg will join D3 Security’s board as part of the investment.
The investment coincides with D3’s imminent release of XGEN SOAR, a massive leap forward for its flagship SOAR platform.
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