Blue Lava Completes $25 Million Series A

<p class&equals;"article-date"><strong>MENLO PARK<&sol;strong> &&num;8212&semi; <a title&equals;"Blue Lava company link" href&equals;"https&colon;&sol;&sol;blue-lava&period;net&sol;" rel&equals;"nofollow">Blue Lava<&sol;a>&comma; creator of the first security program management platform built by and for chief information security officers &lpar;CISOs&rpar;&comma; has completed a total of &dollar;25 million in series A funding&comma; with the latest &dollar;7&period;5 million investment on top of &dollar;17&period;5 million raised previously&period; The latest financing round&comma; led by Crosslink Capital with contribution from existing majority investors Rally Ventures and ClearSky Security&comma; allows Blue Lava to pave the way as an innovator in security program management&period;<&sol;p>&NewLine;<p class&equals;"responsiveNews">Founded in 2018 and led by CEO <a title&equals;"David Walter LinkedIn profile" href&equals;"https&colon;&sol;&sol;www&period;linkedin&period;com&sol;in&sol;davidawalter&sol;" rel&equals;"nofollow">David Walter<&sol;a>&comma; Blue Lava’s solutions are designed to help CISO’s measure&comma; optimize&comma; and communicate the business value of their cybersecurity program to the board and C-suite executives&period; The Blue Lava software platform combines on-demand maturity assessments&comma; peer benchmarking and security strategy and roadmap planning to win budget approval for security investments and monitor progress towards a more mature security organization&period;<&sol;p>&NewLine;<p class&equals;"responsiveNews">&OpenCurlyDoubleQuote;We are pleased to support Blue Lava’s vision of helping their customers unlock the business value of cybersecurity&comma;” said Matt Bigge&comma; partner at <a title&equals;"Crosslink Capital company link" href&equals;"https&colon;&sol;&sol;www&period;crosslinkcapital&period;com&sol;" rel&equals;"nofollow">Crosslink Capital<&sol;a>&period; &OpenCurlyDoubleQuote;Too often&comma; security management is relegated to the tools corner in executive discussions&comma; instead of being front and center as a strategic business enabler&period; Every security executive needs Blue Lava&comma; and we see the potential for Blue Lava to be as mission critical to the CISO as Netsuite is to a CFO&period;”<&sol;p>&NewLine;<p class&equals;"responsiveNews">According to recent IT industry surveys&comma; cybersecurity spending continues to increase in 2021&comma; driven by the need to secure digitization and remote workforce initiatives made critical during the pandemic&period; The addition of security tools&comma; staff&comma; and processes places additional demands on security leaders&comma; and Blue Lava’s security program management tools are well suited to help CISO’s demonstrate business value and increased digital maturity to the organization&period;<&sol;p>&NewLine;<p class&equals;"responsiveNews">&OpenCurlyDoubleQuote;We at Blue Lava are committed to providing CISO’s with the ability to extract actionable insights and deliver a security maturity roadmap that maximizes business impact&period; This new funding will be used to expand our sales&comma; marketing&comma; and engineering teams&comma; and accelerate growth of the Blue Lava customer community&comma;” said David Walter&comma; CEO of Blue Lava&period;<&sol;p>&NewLine;