Cybersecurity monitoring and threat prevention startup Uptycs raises $50M

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Cloud safety analytics platform Uptycs today announced it has raised $50 million in a series C funding round led by Norwest Venture Partners, bringing the Waltham, Massachusetts-based company’s total raised to $93 million.

In a 2017 Deloitte survey, only 42% of respondents thought of their institutions to be particularly or extremely successful at managing cybersecurity danger. The pandemic has definitely completed practically nothing to alleviate these issues. Despite elevated IT safety investments providers made in 2020 to deal with distributed IT and work-from-home challenges, almost 80% of senior IT workers and IT safety leaders think their organizations lack enough defenses against cyberattacks, according to IDG.

Launched in 2016, Uptycs’s platform enables endpoint and cloud safety orchestration from a single dashboard. The option utilizes a telemetry-powered method to address several use circumstances, which includes extended detection and response, cloud workload protection, and cloud safety posture management.

Uptycs pairs the open supply endpoint agent Osquery with a safety analytics framework to provide a view for intrusion detection and vulnerability management across Linux, macOS, Windows, containers, and cloud workloads. Uptycs collects, aggregates, and analyzes endpoint telemetry and, employing SQL, transforms it into dashboards, reports, and alerts.

Endpoint safety

The international endpoint safety marketplace is anticipated to attain $15 billion by 2026, Statista reports. A 2021 Forrester study located that 76% of enterprises have elevated their use of endpoint devices because the starting of the pandemic to assistance their remote, work-from-home, and hybrid workforces. According to the identical investigation, 66% of enterprises think securing their infrastructure calls for a more focused, proactive method to endpoint resilience that does not leave endpoint safety to possibility.

“Recent global events have accelerated the adoption of cloud services and cloud-native approaches to improve resiliency, thereby permanently changing the attack surface. Data doesn’t live solely on the corporate network; productivity endpoints are mobile; production workloads are elastic and distributed across clouds; identity and access management has morphed into today’s firewall; and sensitive data lives in cloud-based apps like G Suite, Salesforce, and GitHub,” Uptycs CEO Ganesh Pai mentioned in a press release. “It’s a completely different challenge to secure these attack surfaces, and we’re innovating to deliver a comprehensive solution. This round will help us continue to evolve our platform to enable enterprises worldwide to secure their endpoint and cloud resources both proactively and reactively.”

Uptycs’ funding follows 3 years of “triple-digit” development, according to Pai. The company’s consumer roster contains Fortune 500 and FinTech firms like Comcast Security, Flexport, and Lookout.

“After a thorough evaluation by our security engineering team, Uptycs was deployed on a large scale as a key component of our security posture,” Comcast Security VP Leon Li mentioned in a statement. “The Uptycs platform provides a broad set of security capabilities with instant endpoint and asset visibility that powers detection and response, as well as compliance and governance.”

Sapphire Ventures and ServiceNow Ventures also participated in Uptycs’ most recent funding round.


Originally appeared on: TheSpuzz

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