Swimlane, the low-code security automation company, announced it has received $70 million in a growth funding round, accelerating the company’s ongoing growth and operations on a global scale while continuing to advance its platform innovations in security automation ahead of the competition.
The round was led by Activate Capital. Existing investors Energy Impact Partners (EIP) and 3Lines Venture Capital also participated in the round. As part of the funding, the company also announced that Raj Atluru, Managing Partner at Activate Capital, will join the Swimlane Board of Directors.
The new investment will also accelerate the growth of Swimlane’s global partner network and create new market opportunities through partners in all major geographies. This will include technical partner support and enablement to help partners unlock the power of automation beyond just threat response.
Swimlane recently launched Turbine as the solution—a breakthrough in low-code automation that captures hard-to-reach telemetry and expands actionability beyond closed extended detection and response (XDR) ecosystems, according to the vendor.
“We are very proud of the global traction and results we have achieved,” said James Brear, CEO of Swimlane. “Besides our hyper revenue growth, we have achieved over 120% of net retention and product expansion. Our cloud product has seen a 5X increase in adoption over 2021 and our growth over the last four years is over 700%. This is a testament to our customer-first mindset and meeting all the use case requirements our customers demand.”
For more information about this news, visit https://swimlane.com.