Reach Security Secures $20 Million Series A

<p><strong><span class&equals;"xn-location">SUNNYVALE<&sol;span> <&sol;strong>&&num;8212&semi; <u>Reach Security<&sol;u>&comma; a company using advanced AI to reinvent security operations&comma; has announced <span class&equals;"xn-money">&dollar;20 million<&sol;span> in funding&period; The Series A is led by Ballistic Ventures&comma; with participation from Artisanal Ventures and industry luminaries&comma; including <span class&equals;"xn-person">Mark McLaughlin<&sol;span>&comma; former CEO and President of Palo Alto Networks&comma; and <span class&equals;"xn-person">Denise Persson<&sol;span>&comma; CMO of Snowflake&period; Existing backers Webb Investment Network&comma; Ridge Ventures&comma; and TechOperators also joined the round&period;<&sol;p>&NewLine;<p>Reach Security delivers the first AI purpose-built to reprogram an organization&&num;8217&semi;s security infrastructure based on who they are and how they&&num;8217&semi;re being attacked&period; Unlike solutions limited to cloud security&comma; Reach acts across the entire security estate&comma; interrogating each tool&comma; gathering data on who is being targeted and how those attacks work&period; It takes seconds to set up and minutes for insight and action&comma; with no new sensors&comma; infrastructure&comma; or attack simulations required&period; The result&colon; Security leaders get a 360-degree view of how their products are protecting them&comma; a prioritized list of how to improve&comma; and automation that empowers their defenders to act&period;<&sol;p>&NewLine;<p>Co-founders<a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4109664-1&amp&semi;h&equals;84105902&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;linkedin&period;com&percnt;2Fin&percnt;2Fgarrettdh&percnt;2F&amp&semi;a&equals;&percnt;C2&percnt;A0" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"> <&sol;a><u><span class&equals;"xn-person">Garrett Hamilton<&sol;span><&sol;u>&comma; CEO&comma; and<a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4109664-1&amp&semi;h&equals;3901636885&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;linkedin&period;com&percnt;2Fin&percnt;2Fcoltb&percnt;2F&amp&semi;a&equals;&percnt;C2&percnt;A0" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"> <&sol;a><u><span class&equals;"xn-person">Colt Blackmore<&sol;span><&sol;u>&comma; CTO&comma; spent more than a decade building detection and prevention products at some of the most iconic cybersecurity companies – Palo Alto Networks&comma; Proofpoint&comma; and Cylance&period; &&num;8220&semi;Our time in the trenches gave us the unique opportunity to stand shoulder-to-shoulder with hundreds of security teams when things went wrong&comma; and it was always the same story&colon; They could&&num;8217&semi;ve stopped the attack with the tools they already had&comma;&&num;8221&semi; Hamilton said&period; &&num;8220&semi;Every other company in our industry will say that you need another security mousetrap to solve this problem&period; They&&num;8217&semi;re wrong&period; We&&num;8217&semi;ve looked at tens of thousands of enterprises and seen firsthand that the average security team uses less than 20&percnt; of what they have and&comma; as a direct result&comma; they struggle to secure their organization&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Reach Security represents a pivotal shift in how cybersecurity leaders will buy&comma; deploy and manage their security solutions&comma;&&num;8221&semi; said <span class&equals;"xn-person">Barmak Meftah<&sol;span>&comma; Co-founder and General Partner of Ballistic Ventures&comma; who joins the Board of Directors as part of the firm&&num;8217&semi;s investment&period; &&num;8220&semi;Before companies invest in more point products&comma; they need to know how to use their current solutions effectively to minimize their risk exposure and maximize efficacy without disrupting the business&period; From day one&comma; we&&num;8217&semi;ve been impressed with the team and technology behind Reach&comma; and their approach aligns perfectly with our vision to invest in companies that are truly redefining the cybersecurity landscape&period;&&num;8221&semi;<&sol;p>&NewLine;

Editor

Wispr Scores $25 Million Series A Extension

SAN FRANCISCO -- Wispr, the voice-to-text AI that turns speech into clear, polished writing in every…

1 day

Numeric Dials Up $51 Million Series B

SAN FRANCISCO -- Numeric, an AI accounting automation platform, has raised a $51 million Series…

1 day

Apple Names 45 Finalists for App Store of the Year Awards

Apple has announced 45 finalists for this year’s App Store Awards, recognizing the best apps…

2 days

UC Reaches Agreement With Nurses, Strike Canceled

The University of California (UC) and the California Nurses Association (CNA) have reached a tentative…

4 days

HouseRX Rakes In $55 Million Series B

SAN FRANCISCO -- House Rx, a health tech company focused on making specialty medications more accessible and…

4 days

King Charles Honors NVIDIA’s Jensen Huang

Britain's King has given an award to the King of NVIDIA! NVIDIA founder and CEO…

4 days