SANTA BARBARA, CA, Theta Lake today announced that it has raised $12.7 million in Series A funding.
Theta Lake, 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.
Theta Lake, dual winner of UC Today's 2020 Best Compliance Product and Best Security Product, was founded in 2017 by proven entrepreneurs and enterprise technologists with decades of leadership experience and recognition from Global 100 customers and top industry analysts. With a mission to provide modern collaboration security and compliance, Theta Lake's patented and multi-patent pending AI helps security and compliance teams more effectively and quickly scale their risk detection and the workflows for communication security, data loss protection, and supervision of modern video, voice, and unified collaboration systems. The Theta Lake Compliance Suite is SOC 2, Type 2 compliant. Visit ThetaLake at ThetaLake.com; LinkedIn; or Twitter at @thetalake.
