Collaboration Security and Compliance Leader Theta Lake Raises $12.7 Million In Series A Funding, Led by Lightspeed Venture Partners
Collaboration Security and Compliance Leader Theta Lake Raises $12.7 Million In Series A Funding, Led by Lightspeed Venture Partners
10/27/20, 12:05 PM
Location
Money raised
$12 million
Round Type
series a
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.
Company Info
Location
santa barbara, california, united states
Additional Info
Theta Lake’s multi-award winning product suite provides patented compliance and security for modern collaboration platforms, utilizing over 45 frictionless partner integrations that include RingCentral, Webex by Cisco, Microsoft Teams, Slack, Zoom, and more. Theta Lake can capture, compliantly archive, and act as an archive connector for existing archives of record for video, voice, and chat collaboration systems. In addition to comprehensive capture and archiving, Theta Lake uses patented AI to detect and surface regulatory, privacy, and security risks in an AI assisted review workflow across what is shared, shown, spoken, and typed. Theta Lake enables organizations to safely, compliantly, and cost-effectively expand their use of communication platforms. Visit us at ThetaLake.com; LinkedIn; or Twitter at @thetalake.