Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Attacks/Breaches

1/19/2021
10:50 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Swimlane Raises $40M Growth Round to Deliver Hyper Automated Security Operations

On the heels of record sales and customer growth year over year, Swimlane appoints James Brear as Chief Executive Officer and Niloofar Howe as company's newest board member.

DENVER, CO -- Jan. 19, 2021 -- Swimlane, the industry leading independent provider of security orchestration, automation and response (SOAR) solutions, today announced it has raised $40 million in funding led by EIP. This funding will accelerate partnerships and alliances, expand research and development, and enable further global expansion. Additionally, Swimlane has appointed James Brear as Chief Executive Officer, who was previously CEO of Veriflow, which was sold to VMWare in August 2019. Industry visionary and Senior Operating Partner at EIP, Niloofar Howe, has also been named as the company’s newest board member.

“Without a doubt, automation will be one of, if not the biggest change realized by security operations in a generation. Security automation is a multibillion dollar market, and while hundreds of organizations already benefit from its initial adoption, the broad application of intent-based automation to every aspect of security is still in front of us all,” said Brear. “Swimlane is acutely focused on improving the automation piece of today’s SOAR solutions. I am thrilled to join the company at this critical moment with the strong support of EIP..”

For years, companies have focused on threat detection and prevention, with limited investment in innovation to help security staff keep up with their workload. Swimlane stands out in the market for enabling organizations to automate every aspect of their security operations. During a time when businesses are facing an unprecedented rate of digital business transformation, Swimlane’s automation platform provides a flexible, central workbench that enables teams to automate any task or process with speed and accuracy. The platform acts as a force multiplier, significantly increasing the impact and productivity of security teams to ensure security operations are managed quickly, efficiently and effectively.

“By automating the manual processes that take up a majority of our team’s time, Swimlane’s platform helps us streamline security tasks so that our teams can focus on the work that truly requires human oversight,” said Jason Nations, Senior Manager of Enterprise Security, OGE Energy Corp. “We have seen efficiency improvements firsthand, which has helped us immensely from both a risk management perspective and a staffing perspective. The platform’s agility and ability to add features increases these capabilities even further. Swimlane has also helped us address analyst burnout and enabled us to focus on developing a more effective incident response and threat management program.”

Howe added, “Organizations realize that increased staffing is no longer sufficient to effectively safeguard against the growing amount of security and intelligence data that is generated on a daily basis. To protect rapidly expanding attack surfaces, automation must be broadly applied across every security use case. The EIP team is excited to continue our collaborative engagement with Swimlane as the company helps solve inefficiencies and streamline the way industries respond to incidents and mitigate risk.” 

Throughout 2020, Swimlane made strides bringing automation to organizations at a global scale, and this funding is continued validation of Swimlane’s performance. Swimlane was recently named a representative vendor in Gartner’s 2020 “Market Guide for Security Orchestration, Automation and Response Solutions”. Additional milestones included the 10.0 release of the Swimlane platform, securing US Patent 10,552,615, launching a Customer Experience Program and Insider Channel Program, and the acquisition of Syncurity. 

For more information about Swimlane, please visit www.swimlane.com

About Swimlane

Swimlane is at the forefront of the growing market of security orchestration, automation and response (SOAR) solutions and was founded to deliver scalable and flexible security solutions to organizations struggling with alert fatigue, vendor proliferation and chronic staffing shortages. Swimlane’s solution helps organizations address all security operations (SecOps) needs, including prioritizing alerts, orchestrating tools and automating the remediation of threats—improving performance across the entire organization. Swimlane is headquartered in Denver, Colo. with operations throughout North America, Central America, Europe, the Middle East and Australia. For more information, visit www.Swimlane.com.

 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
News
Former CISA Director Chris Krebs Discusses Risk Management & Threat Intel
Kelly Sheridan, Staff Editor, Dark Reading,  2/23/2021
Edge-DRsplash-10-edge-articles
Security + Fraud Protection: Your One-Two Punch Against Cyberattacks
Joshua Goldfarb, Director of Product Management at F5,  2/23/2021
News
Cybercrime Groups More Prolific, Focus on Healthcare in 2020
Robert Lemos, Contributing Writer,  2/22/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
Building the SOC of the Future
Building the SOC of the Future
Digital transformation, cloud-focused attacks, and a worldwide pandemic. The past year has changed the way business works and the way security teams operate. There is no going back.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-18942
PUBLISHED: 2021-02-26
Micro Focus Solutions Business Manager versions prior to 11.7.1 are vulnerable to stored XSS. The application reflects previously stored user input without encoding.
CVE-2019-18943
PUBLISHED: 2021-02-26
Micro Focus Solutions Business Manager versions prior to 11.7.1 are vulnerable to XML External Entity Processing (XXE) on certain operations.
CVE-2019-18944
PUBLISHED: 2021-02-26
Micro Focus Solutions Business Manager Application Repository versions prior to 11.7.1 are vulnerable to reflected XSS.
CVE-2019-18945
PUBLISHED: 2021-02-26
Micro Focus Solutions Business Manager Application Repository versions prior to 11.7.1 are vulnerable to privilege escalation vulnerability.
CVE-2019-18946
PUBLISHED: 2021-02-26
Micro Focus Solutions Business Manager Application Repository versions prior to 11.7.1 are vulnerable to session fixation.