Theta Lake, a Santa Barbara, CA-based provider of unified communication security solutions, raised $50M in Series B funding.
The round, which brings total funding raised to date to over $70m, was led by Battery Ventures with participation from Lightspeed Venture Partners, Neotribe Ventures, Cisco Investments, RingCentral Ventures, Salesforce Ventures, and Zoom Video Communications.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO Devin Redmond, Theta Lake provides patented compliance and security platforms for modern collaboration, utilizing over 45 partner integrations that include RingCentral, Webex by Cisco, Microsoft Teams, Slack, Zoom, and more. It 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.
FinSMEs
24/03/2022