Stairwell, a cybersecurity startup, has recently announced that it has raised $20 million in a Series A funding round. The round was led by Accel and Sequoia Capital, with participation from other notable investors such as Allen & Company, Gradient Ventures, and Elad Gil. 20m series sequoia accelpagetechcrunch.
Stairwell was founded in 2020 by Mike Wiacek, a former chief security officer at Chronicle, a cybersecurity company owned by Google. The company’s mission is to create a more open and collaborative cybersecurity industry by developing innovative tools and technologies to help security teams work more effectively. stairwell 20m sequoia accelpagetechcrunch.
The company’s flagship product is a cybersecurity platform that provides visibility and analytics across all security data sources. The platform uses advanced machine learning algorithms to identify and prioritize threats, enabling security teams to respond more quickly and effectively to potential security incidents. stairwell 20m series sequoia accelpagetechcrunch.
Stairwell’s approach to cybersecurity is unique in that it focuses on collaboration and information sharing between security teams. The company believes that by breaking down the silos that often exist between different security functions, organizations can better protect themselves against cyber threats. stairwell 20m.
The $20 million Series A funding round will be used to further develop Stairwell’s platform and expand its sales and marketing efforts. The company plans to hire additional staff and invest in research and development to continue to innovate and improve its products. stairwell 20m series accelpagetechcrunch.
Stairwell’s innovative approach to cybersecurity has already garnered attention in the industry, and the company has secured partnerships with a number of high-profile organizations, including Google and Shopify. The company’s platform has also been recognized for its innovative approach, winning the “Best Security Innovation” award at the 2020 RSA Conference.
The successful Series A funding round is a testament to the potential of Stairwell’s platform and its mission to create a more collaborative and open cybersecurity industry. The company’s focus on collaboration and information sharing is particularly relevant in today’s threat landscape, where cyber attacks are becoming increasingly sophisticated and complex.
In a statement announcing the funding round, Stairwell’s founder Mike Wiacek said, “We believe that cybersecurity is a team sport, and that by working together and sharing information, we can better protect our organizations and the customers we serve. We’re thrilled to have the support of such a distinguished group of investors as we continue to build out our platform and help organizations stay one step ahead of cyber threats.”
Overall, Stairwell’s successful Series A funding round is a positive sign for the cybersecurity industry, which is facing increasing pressure to adapt and evolve in response to the growing threat of cyber attacks. The company’s innovative approach and focus on collaboration and information sharing have the potential to transform the way organizations approach cybersecurity and better protect themselves against cyber threats.