Collaboration Security and Compliance Leader Theta Lake Raises $12.7 Million In Series A Funding, Led by Lightspeed Venture Partners

Theta Lake, Inc., the recognized leader in modern collaboration security and compliance solutions for Cisco Webex, Microsoft Teams, RingCentral, Zoom and more, today announced that it has raised $12.7 million in Series A funding, bringing the company’s total funding to $20 million. Lightspeed Venture Partners led the round with participation by Cisco Investments, notable angel investors from the enterprise collaboration and security space, and previous investors Neotribe Ventures, Firebolt Ventures and WestWave Capital. Theta Lake will use the capital to invest in its patented and award-winning product, while increasing its service delivery capabilities for organizations to protect their data and employees while adhering to regulatory compliance requirements when using their collaboration tools from any physical location, device or network.