Cybersecurity Company Demisto Raises $43 Million

Cupertino, California-based cybersecurity company Demisto, Inc. announced Wednesday the completion of a $43 million investment round. The round was led by venture capital firm Greylock Partners and participated by existing investors including ClearSky and Accel Partners.

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Demisto develops a cyber management platform designed to helps security teams detect and react to cyber attacks faster and gather intelligence on cyber threats. The additional funding will support research and development and the expansion of Demisto’s marketing operations.

The company was founded in 2015 by Rishi Bhargava and by Israeli entrepreneurs Slavik Markovich, Dan Sarel, and Guy Rinat. The company raised $69 million to date, according to Pitchbook data. Demisto operates additional offices in the San Francisco Bay Area and Tel Aviv, and has a team of more than 100 employees, according to Linkedin.

Demisto reported a growth of 300% in the number of customers in 2017 and said it expects 2018 to show additional growth.