DFLabs Secures $5.5M in Series A Funding Led by Evolution Equity Partners to Meet Demand for Automated Cyber Incident Response
With the increase in sophistication and frequency in cyber attacks the need for specialized Security Incident Response Platform (SIRP) tools to support security incident response efforts is growing. According to a report from Markets and Markets, SIRP is expected to be one of the fastest growing categories in the global cyber security market, estimated to grow to $170 billion (USD) by 2020. Gartner reports that “being prepared for incident response (IR) is likely to be one of the more cost-effective security measures any organization can take. Well-planned IR reduces the impact and costs of inevitable security incidents.”
“DFLabs has already established itself as a leader in the incident response automation and orchestration space demonstrated by a rapidly growing business and technology that is recognized at the forefront of the industry. Evolution is pleased to be the first venture capital firm to partner with DFLabs at an inflection point where the company has already achieved so much through organic growth and is poised to accelerate further,” said Richard Seewald, Managing Partner at Evolution.
“Security incidents are increasingly impacting corporate reputation, operations and the bottom line. DFLabs’ automated cyber incident response platform, IncMan, has been selected by Fortune 500 companies and medium size enterprises in the US, EMEA and Asia alike as the go-to-solution leading the industry shift toward cyber incident detection and response. We welcome DFLabs to our portfolio of leading cyber security companies,” added Seewald.
“Customers need to get their cyber incidents under control. This requires dealing with alerts, processes and machine action in the quickest and most effective way. We are honored to have secured this Investment from Evolution, proven experts in the cyber security space,” said Dario Forte, Founder and CEO of DFLabs.
You can read the full article here