Security News > 2021 > January > Swimlane raises $40M to accelerate partnerships and alliances, expand research and development

Swimlane announced it has raised $40 million in funding led by EIP. This funding will accelerate partnerships and alliances, expand research and development, and enable further global expansion.

For years, companies have focused on threat detection and prevention, with limited investment in innovation to help security staff keep up with their workload. Swimlane stands out in the market for enabling organizations to automate every aspect of their security operations.

"By automating the manual processes that take up a majority of our team's time, Swimlane's platform helps us streamline security tasks so that our teams can focus on the work that truly requires human oversight," said Jason Nations, Senior Manager of Enterprise Security, OGE Energy Corp. "We have seen efficiency improvements firsthand, which has helped us immensely from both a risk management perspective and a staffing perspective. The platform's agility and ability to add features increases these capabilities even further. Swimlane has also helped us address analyst burnout and enabled us to focus on developing a more effective incident response and threat management program."

"To protect rapidly expanding attack surfaces, automation must be broadly applied across every security use case. The EIP team is excited to continue our collaborative engagement with Swimlane as the company helps solve inefficiencies and streamline the way industries respond to incidents and mitigate risk."

Throughout 2020, Swimlane made strides bringing automation to organizations at a global scale, and this funding is continued validation of Swimlane's performance.

Additional milestones included the 10.0 release of the Swimlane platform, securing US Patent 10,552,615, launching a Customer Experience Program and Insider Channel Program, and the acquisition of Syncurity.

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