• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2025-2026
  • Sponsored Post
    • Make a Contribution
  • Technology Jobs
  • Technology Markets
  • About
    • GDPR
  • Contact

Red Canary Raises $34m in Growth Equity Funding to accelerate delivery of outcome-focused security operations solutions

April 30, 2019 By admin Leave a Comment

Red Canary, a leading provider of security operations solutions, today announced that it has raised $34 million in a funding round led by global equity growth investor Summit Partners and joined by existing investors Access Venture Partners and Noro-Moseley Partners. The company will leverage this funding to scale its team in support of Red Canary’s mission: to create a world where every organization is free to make its greatest impact without fear of damage from cyber attack.

Red Canary is a pioneering provider of managed detection and response (“MDR”) solutions. MDR is one of the fastest growing areas of the information security market. Founded in 2014, Red Canary already defends hundreds of organizations around the world – from global Fortune 100s to 100-employee organizations. The company’s proprietary software platform ingests and analyzes over 500 terabytes of telemetry per day and applies proprietary behavioral analytics technology to surface potential threats to an in-house team of expert security analysts.

“We are in the golden age of data in security. Security teams have more telemetry, tools, and budget than ever before but unfortunately, in many cases, this has not resulted in a meaningful improvement in security outcomes,” said Brian Beyer, CEO and co-founder of Red Canary. “We serve as a security ally for our customers, helping their teams get the most out of modern security technology, protect their valuable data and remain focused on the performance of their own business.”

Red Canary provides a unique solution that fully integrates MDR and security orchestration, automation and response (“SOAR”) capabilities to measurably decrease the time required to resolve threats. The company’s cloud-based solution is deployed in minutes and allows security teams to decrease mean time to respond by up to 10x and drive meaningful reduction in realized risk per endpoint over time.

“Across the security landscape, there is increased acknowledgment that a ‘status quo’ approach is inadequate,” said Andy Collins, a Managing Director at Summit Partners who has joined Red Canary’s Board of Directors. “Attackers bypass even the best security technology solutions on a daily basis. We believe Red Canary’s software-driven model delivers a uniquely high-quality, continuously improving service. And the results – an incredibly passionate customer base and year over year ARR growth exceeding 100% – speak for themselves.”

“Our work in the trenches alongside security teams over the last five years has proven time and again that there is a huge need for Red Canary’s solutions. That need is reflected in our consistently rapid growth and off-the-charts customer satisfaction. But it is also readily visible in the incredible engagement from the security community through our blog, webinars and open source projects like Atomic Red Team,” Beyer added. “We’re ecstatic to work with Summit to expand our reach and help more organizations make meaningful, measurable improvements to their security outcomes. We believe the best is yet to come.”

About Red Canary
Red Canary is a security operations ally to organizations of all sizes. The company delivers outcome-focused solutions that can be deployed in minutes to identify and shut down attacks. Founded in 2014, Red Canary is a pioneer in providing managed detection and response solutions that integrate behavioral analytics and automated response with 24/7/365 investigation by an expert Cyber Incident Response Team. To learn more, visit redcanary.com.

Filed Under: Tech

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • Meibel Secures $7 Million to Revolutionize AI Runtime Management
  • Tailor Raises $14 Million to Redefine ERP for Modern Businesses with Composable Architecture
  • Intel Unveils New GPUs and AI Accelerators at Computex 2025
  • Unlocking Critical Minerals: USGS Invites States to Turn Mine Waste into Treasure
  • Blacksmith Reimagines Continuous Integration with AI-Optimized Infrastructure
  • Cloudflare Acquires Outerbase and Expands AI Agent Capabilities to Transform Developer Experiences
  • Cloudflare’s Web Application Firewall Earns Leader Recognition in Forrester Wave Q1 2025
  • Kioxia Unveils Groundbreaking 122.88 TB SSD for Advanced AI and Cloud Workloads
  • Linux Foundation and OpenInfra Foundation Unite to Drive Cloud Native Innovation
  • Decoding China’s Tech Narratives and the Reality Behind Them

Media Partners

  • Market Analysis
  • Cybersecurity Market
China’s Strategic Shift to RISC-V: Market Implications and Growth Prospects
Understanding Transfer Pricing: A Key Component of Multinational Business Operations
A Comprehensive Tour of Project Management Tools and Integration Platforms
Implementing Odoo ERP in a Small Manufacturing Enterprise: Costs and Considerations
Economic Optimism Meets Uncertainty: Blue Chip Indicators Highlight Post-Election Fiscal Concerns and AI’s Looming Impact
The Future of Connectivity: Insights from Ericsson’s November 2024 Mobility Report
Platinum Market Faces Sustained Deficit Amidst Strong Demand and Constrained Supply
Breaking Beijing’s Grip: U.S. and Australia Unite Against China’s Rare Earth Monopoly
Global AI-Powered Accounting and Audit Services Market Analysis 2023-2030: Growth, Trends, and Forecast
The Re-Emergence of PHP
ThreatBook Named a Notable Vendor in Global Network Analysis and Visibility (NAV) Independent Report
BreachRx Raises $15 Million to Transform Cyber Incident Response
CyberShark Pitch Competition Reveals First Finalists, Elevating Innovations in Cybersecurity
Absolute Security Enhances Enterprise Resilience with Advanced Endpoint Recovery Capabilities
Aviva and CyberCube Leverage AI to Strengthen Cyber Risk Analytics
Cyera Reaches $6 Billion Valuation in Latest Funding Round
CyberSheath Achieves CMMC Level 2 Certification, Strengthening Its Leadership in Defense Compliance
Barcelona Cybersecurity Congress Highlights Strategic Importance of Cybersecurity
Logicube’s Falcon®-NEO2 Forensic Imager Achieves Project VIC Validation; Now VICS Data Compliant
INE Security Alert: Continuous CVE Practice Closes Critical Gap Between Vulnerability Alerts and Effective Defense

Media Partners

  • Market Research Media
  • Technology Conferences
The Rise of Headless Content Frameworks in Distributed Media Projects
Developing Web Projects: From Concept to Launch
The Rise of APS-C Cameras: A Professional Renaissance in Photography
Market Brief: Disruption in Spanish Orange Supply Chain and Strategic Response by UK Retailers
Global AI-Powered Movie Scenario Market Analysis 2023-2030: Growth, Trends, and Forecast
Market Research Report: US Government Cybersecurity Market in 2024
Market Research Report: Global Advertising Revenue Projections and Trends in the Entertainment & Media Industry
Social Media: The Rise of Formulaic Content
Netflix’s Creative Decline: The Rise of Formulaic Content
The Transformation of Media: Navigating the Waning Allure of Social Platforms
Apple Announces WWDC25, June 9 to 13, 2025
Adobe Summit 2025, March 17-20, Las Vegas
Embedded World 2025, from 11 to 13 March 2025 in Nuremberg
SATELLITE 2025: Uniting the Global Satellite and Space Communities
The milestone 10th edition of Chatbot Summit on March 31 – April 1, 2025, The Ritz-Carlton, Berlin
Snowflake Summit 2025, scheduled for June 2-5, 2025, in San Francisco
The NVIDIA GPU Technology Conference (GTC) 2025 is set to take place from March 17 to 21 at the San Jose McEnery Convention Center in San Jose, California
The Taipei Nangang Exhibition Center is set to host COMPUTEX 2025 from May 20 to May 23
The Mobile World Congress (MWC 2025) will kick off from March 3 to 6 in Barcelona, Spain
IOT Solutions World Congress 2025: Forging the Future of Industrial Innovation

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains