Cybersecurity firm Syncurity closes $2M seed round of institutional investment
Syncurity revealed the second and final close of its two million 2018 institutional investment round. The round was initially led by the Maryland Technology Development Corporation (TEDCO) before closing oversubscribed with the addition of Kluz Ventures, through its fund The Next Impact, and SixThirty CYBER. In addition, the company has added former Zscaler CISO, Michael Sutton to its Board of Advisors, further enhancing Syncurity’s depth of security, technology and cloud expertise.
Proceeds of the investment round will be used to extend Syncurity’s IR-Flow platform, expand technical and channel partnerships and further accelerate the company’s growth worldwide. These new investors bring a proven track record of success, depth of experience and global reach to guide the company during its next phase of expansion.
Syncurity IR-Flow is the SOAR platform built by analysts for analysts that takes a “process-first” approach and allows security teams to streamline the entire incident management process — from threat hunting and pre-conviction alert handling to post-conviction incident response.
IR-Flow is not volume-priced, providing predictable, affordable costs. In addition to increasing analyst efficiency and reducing detection, investigation and response times, Syncurity IR-Flow’s end-to-end case management capabilities provide enterprises with visibility into security operations, capturing all human and machine-based actions and simplifying reporting and compliance.
“Syncurity’s patent-pending product architecture, analyst-driven interface and extensible system integrations were a natural choice for us to extend our cybersecurity portfolio into the fast-growing SOAR market,” said Artur Kluz, Managing Partner of Kluz Ventures. “Syncurity’s ability to automate and orchestrate real-world incident response processes is quickly gaining traction with global enterprises and MSSPs/MDRs,” according to 630 Cyber General Partner, Jason Clarke.
“Based on my first-hand knowledge of the challenges facing enterprise CISOs in today’s security landscape, I’m thrilled to work with the Syncurity team to address core enterprise SOAR requirements and shape the future of Security Response, while extending the boundaries of the space,” commented Michael Sutton.
“These additional funds — along with the institutional firms behind them — as well as our strong Board of Advisors will enable Syncurity to extend the lead of our IR-Flow platform to new customers and partners around the world,” said Syncurity CEO, John Jolly.
“Our unique, visual, “process-first” approach and extensible case management capabilities are increasingly recognized as superior alternatives to first-generation, DIY automation tools that lack strong case management and auditing functionality.”