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SOAR Funding: Swimlane Raises $23 Million in Series B Financing

Swimlane, a security orchestration, automation and response (SOAR) platform provider, has raised $23 million in a Series B funding round led by energy investment and innovation firm Energy Impact Partners. The new financing brings Swimlane's total funding to $35 million.

The Series B financing enables Swimlane to expand its global alliances and drive collaboration across organizations and sectors, the company said. It also allows Swimlane to explore ways to upgrade its SOAR capabilities.

Swimlane's SOAR Platform: What You Need to Know

Organizations can use Swimlane's SOAR platform to manage security alerts, the company noted. That way, organizations can respond to security alerts faster and more efficiently than ever before.

Swimlane's SOAR platform enables organizations to collect security alert data from security platforms and respond to alerts via automated workflows and playbooks, according to the company. It also comes equipped with out-of-the-box integrations and a common scripting language that allows organizations to use it in conjunction with a variety of security platforms.

Furthermore, Swimlane's SOAR platform tracks all security tasks throughout the incident response process, the company noted. This ensures organizations can accelerate security investigations, comply with data security requirements and quickly remediate security alerts.

Introducing Swimlane's Channel, Technical Alliance Programs

In addition to its Series B funding, Swimlane in April launched Channel and Technical Alliances programs.

Swimlane's Channel Program offers tiered certifications that enable its partners to showcase SOAR capabilities to prospects and customers and receive SOAR training, the company said. Comparatively, Swimlane's Technical Alliances Program allows MSSPs and other technology vendors to develop and deploy SOAR integrations.

Swimlane has increased its revenue by 544 percent since 2017 and doubled its staff size over the past year, the company indicated. It looks poised to grow its customer base across the energy, finance, retail and government sectors as well.

Security orchestration, automation & response (SOAR) platform provider Swimlane raises $23 million in a Series B funding round led by Energy Impact Partners.

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.