Security Analytics Firm Uptycs Raises $50 Million


Cloud-native security analytics provider Uptycs has closed a $50 million Series C funding round, bringing the total raised by the company to date up to $93 million.

The latest funding round was led by Norwest Venture Partners, with additional participation from Sapphire Ventures and ServiceNow Ventures.

Based in Waltham, Massachusetts, Uptycs provides customers with a platform that integrates capabilities such as extended detection and response, management of cloud security posture, and protection for cloud workloads.

Through its security analytics platform, the company seeks to help professionals investigate and respond to potential threats across both on-premises and cloud environments.

Founded in 2016, Uptycs says it has registered triple-digit growth over the past few consecutive years, and has added several large organizations to its customer base.

The new funding round will help the company expand its cloud-native security analytics platform, as well as invest in global sales and marketing.

“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. It’s a completely different challenge to secure these attack surfaces, and we’re innovating to deliver a comprehensive solution,” Ganesh Pai, Uptycs CEO, said.

Related: Material Security Raises $40 Million

Related: Salt Security Raises $70 Million in Series C Funding

Related: Tessian Raises $65 Million at $500 Million Valuation 

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Ionut Arghire is an international correspondent for SecurityWeek.

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