Demisto Raises $43M in Series C

Demisto has successfully raised $43M in a Series C at a $560M valuation led by Accel, Greylock Partners.

Company Overview

Demisto is a Cybersecurity company headquartered in Cupertino, CA, founded in 2015 with 200+ employees.

Security orchestration platform

Fundraising Details

• Amount Raised: $43M
• Round Type: Series C
• Valuation: $560M
• Date: 2024-03-01
• Investors: Accel, Greylock Partners

About Demisto

Security orchestration platform The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Cupertino, CA
• Founded: 2015
• Team Size: 200+
• Industry: Cybersecurity

What This Means

This funding round demonstrates strong investor confidence in Demisto's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. Demisto's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $560M valuation marks an important milestone for Demisto, positioning the company among notable players in the Cybersecurity industry.

Looking Ahead

With this new capital, Demisto is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-03-01. For more information about Demisto, visit their headquarters at Cupertino, CA.