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Investors, Lenders Back Fidelis Cybersecurity XDR Strategy

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Fidelis Cybersecurity, an extended detection and response (XDR) platform provider, has added funding from investment firms Runway Growth Capital and Skyview Capital. The funding amount was not disclosed.

The funding provides Fidelis with working capital to develop cyber solutions that "help security teams from top commercial, enterprise and government agencies worldwide find and stop threats faster and more effectively," the company said. Fidelis also intends to use the funding to build out its operational infrastructure and explore opportunities to accelerate its growth.

Fidelis Expands Its Integrations Ecosystem

The new funding comes after Fidelis in April 2022 announced Devo and Zscaler integrations for its XDR platform. These integrations help security teams "consolidate vendor silos, correlate events across multi-vendor environments and track adversarial movements across cloud, endpoint and network," the company stated.

Security teams can use Fidelis security data and threat detections with Devo's cloud-native logging and security analytics, the companies indicated. That way, they can hunt for and correlate threats across data from firewalls, secure web gateways, secure email gateways and other sources.

Meanwhile, security teams can leverage the Fidelis network detection and response (NDR) solution to ingest and analyze data generated by Zscaler Internet Access (ZIA), the companies said.  As a result, they can improve threat hunting and alert workflows.

A Closer Look at Fidelis

Fidelis helps security teams protect their organizations' cloud, hybrid and on-premises environments. It offers two platforms: Fidelis Elevate and Fidelis Halo.

Fidelis Elevate is an open and extensible Active XDR platform, according to the company. Security teams can use Fidelis Elevate for threat detection, prevention and response.

Comparatively, Fidelis Halo is a unified cloud security and compliance platform for IaaS, PaaS, servers and containers, the company noted. Fidelis previously acquired cloud security company CloudPassage in May 2021 and integrated its Halo platform into its portfolio.

Private equity firm Skyview has owned Fidelis since January 2020. Since that time, Skyview has continued to invest in Fidelis, which has helped the company bolster its offerings and extend its global cybersecurity market reach.

Dan Kobialka

Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.