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Cloud security analytics platform Uptycs today announced it has raised $50 million in a series C funding round led by Norwest Venture Partners, bringing the Waltham, Massachusetts-based company’s total raised to $93 million.
In a 2017 Deloitte survey, only 42% of respondents considered their institutions to be extremely or very effective at managing cybersecurity risk. The pandemic has certainly done nothing to alleviate these concerns. Despite increased IT security investments companies made in 2020 to deal with distributed IT and work-from-home challenges, nearly 80% of senior IT workers and IT security leaders believe their organizations lack sufficient defenses against cyberattacks, according to IDG.
Launched in 2016, Uptycs’s platform enables endpoint and cloud security orchestration from a single dashboard. The solution uses a telemetry-powered approach to address multiple use cases, including extended detection and response, cloud workload protection, and cloud security posture management.
Above: Uptycs’ web dashboard.
Image Credit: Uptycs
Uptycs pairs the open source endpoint agent Osquery with a security analytics framework to provide a view for intrusion detection and vulnerability management across Linux, macOS, Windows, containers, and cloud workloads. Uptycs collects, aggregates, and analyzes endpoint telemetry and, using SQL, transforms it into dashboards, reports, and alerts.
Endpoint security
The global endpoint security market is anticipated to reach $15 billion by 2026, cybersecurity monitoring threat prevention startup uptycs raises
