Expands Security Platform to include SOAR: Security Orchestration, Automation & Response

March 07, 2024 09:19 AM Eastern Standard Time

DENVER–(BUSINESS WIRE)–Todyl,an industry-leading security and networking company, announced today it closed a $50 Million Series B investment round led by Base10 Partners with participation from Anthos Capital, Tech Operators, and StoneMill Ventures. The Series B funding will support Todyl’s mission of revolutionizing cybersecurity with an all-in-one security platform that empowers IT professionals with the tools, insights, and automation needed to defend against ever-changing threats.

“Todyl has achieved an incredible feat: build an in-house platform to comprehensively ingest, comprehend, defend and secure customer environments by using a lightweight, single agent. Consolidating networking and security into a single platform and agent just makes sense from an overall business perspective”Post this

“Small and medium businesses are facing sophisticated cyber threats at an unprecedented frequency. The cost and complexity have kept the capabilities required to defend against ever-changing tactics and adversaries in the hands of large enterprises,” said John Nellen, Founder and CEO at Todyl. “Our revolutionary, cloud-first platform levels the playing field for businesses of all sizes. We purpose-built our platform to utilize a single agent that delivers the capabilities of multiple point solutions. It’s easy-to-use, cost-effective, and modular, empowering IT professionals to effectively prevent, detect, and respond to modern threats across their entire environment—SaaS, cloud, data center, office, and remote.”

Todyl is the world’s leading small and medium business cybersecurity platform, uniquely consolidating Secure Access Service Edge (SASE), Security Information & Event Management (SIEM), Managed eXtended Detection & Response (MXDR), Endpoint Security (EDR/NGAV), Security Orchestration, Automation & Response (SOAR), and Governance, Risk & Compliance (GRC).

With the addition of SOAR, Todyl further empowers businesses to execute rapid, automated response actions across endpoints and Microsoft 365. The new module serves as a springboard for future developments that will equip businesses with automation, orchestration, and response actions to quickly address threats.

“We got excited about Todyl as it has positioned itself as a credible security leader on the same plane as CrowdStrike and others,” said Jason Kong, Partner at Base10 Partners. “Todyl has demonstrated that it is becoming a meaningful and serious alternative to some of the incumbents in the space. The company’s growth and vision has reminded us of Palo Alto Networks, but for an SMB segment that’s been largely ignored by the cybersecurity market up until this point.”

In addition, Austin McChord, Founder and Former CEO of Datto, will be joining Todyl’s Advisory Board, bringing a wealth of knowledge that will greatly benefit Todyl’s strategic direction. Under Austin’s 11 years of leadership at Datto, he helped grow the company into a $1B industry giant.

“Todyl’s unique platform is a versatile toolkit for addressing SMB security challenges efficiently and effectively. I’m looking forward to helping them progress the vision and accelerate growth,” said Austin McChord.

Todyl’s MSP-first, channel-only approach focuses on empowering IT professionals with a unified platform to stay ahead of threats.

“Todyl has achieved an incredible feat: build an in-house platform to comprehensively ingest, comprehend, defend and secure customer environments by using a lightweight, single agent. Consolidating networking and security into a single platform and agent just makes sense from an overall business perspective,” said Justin Dews, General Manager, Techvera.

The investment will enable Todyl to go further, faster, by growing headcount, expanding office locations globally, and accelerating development of the industry leading platform through engineering investments.

Follow Todyl’s Journey: https://www.todyl.com/blog
Twitter: https://twitter.com/todylsecurity
LinkedIn: https://www.linkedin.com/company/todylsecurity/

About Todyl:

Transforming cybersecurity with the world’s most comprehensive security platform. Todyl unifies SASE, Endpoint Security, SIEM, MXDR, SOAR, and GRC into a cloud-first, single-agent platform. The Todyl Platform spans prevention, detection, and response, empowering organizations to implement a powerful security program calibrated to their unique needs. It delivers unmatched visibility and control, helping organizations to stay ahead of threat actors.

About Base10 Partners:

Founded by Adeyemi Ajao and TJ Nahigian, Base10 is a San Francisco-based venture capital fund investing in founders who believe purpose is key to profits and companies that are automating sectors of the Real Economy, including transportation, retail, logistics, and construction. Base10 works with underfunded colleges and universities to create pathways for students in the tech industry, and donates 50% of select investments to these institutions through its program The Advancement Initiative. Portfolio companies include Notion, Figma, Nubank, Nowports, Motive, Chili Piper, and Popmenu. Connect via base10.vc.

Contacts

Media: [email protected], 917-328-9337

Source : https://www.businesswire.com/news/home/20240306300677/en/Todyl-Raises-50M-in-Series-B-Funding