Million Funding

Via a Series C founding round led by Summit Partners, Red Canary, a Denver, Colo.-based controlled detection and response (MDR) group, has raised $81 million.

More than $125 million has now been raised by the SaaS-based security operations solutions company to date, with the latest funds being used to finance product and employees development.

SaaS vulnerability identification and 24/7 outsourced defense operations capabilities are provided by Red Canary.

MDR seeks to improve the identification and reaction level, thus reducing the dwelling time and the potential for bad actors to achieve their goal.

Created in 2014 by Brian Beyer, Chris Rothe, and Keith McCammon, Red Canary represents hundreds of clients from Fortune 100 to small companies, and over the past two years, it has undergone 270% sales growth.

“Even the most well-staffed and experienced security teams are actively looking for an ally to help them stay ahead of threats with a cyber-attack that happens every 11 seconds,” said Beyer, who serves as CEO of Red Canary.

In the Series C round, established investors Noro-Moseley Partners and Access Investment Partners have participated.

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