Theta Lake Attracts $50 Million In Series B Funding To Fuel Expansion Of Security And Compliance Solutions For Modern Communications And The Future Of Work
Theta Lake Attracts $50 Million In Series B Funding To Fuel Expansion Of Security And Compliance Solutions For Modern Communications And The Future Of Work
03/23/22, 10:00 AM
Location
santa barbaraMoney raised
$50 million
Round Type
series b
Theta Lake, the leader in unified communication security and compliance solutions tailored to today’s new, increasingly digital and distributed world of work, announced a $50 million series B funding round led by Battery Ventures. The round also includes investments from existing investors such as Lightspeed Venture Partners, Neotribe Ventures and Cisco Investments, as well as new investments from RingCentral Ventures, Salesforce Ventures, and Zoom Video Communications, Inc. The new investment brings the company’s total funding raised to date to over $70 million.
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.