It has been a year since our last round of funding and I’m pleased to be back to share that we've experienced quite the journey in the last 12-months: growth in team, customers, revenues, and a $50M Series C. We're firing on all cylinders.
I’m excited to share that we’ve raised $30M in Series B funding led by Sapphire Ventures. This is a significant milestone for Uptycs. Jai Das from Sapphire Ventures led the round with participation from existing investors Comcast Ventures and ForgePoint Capital. It was an oversubscribed round with no room for additional investors. This serves as a testament to our strong customer relationships, our current success as a venture, and the excitement around the space of SQL-powered security analytics.
As attackers continually evolve their tactics, the arsenal of tools at hand for defenders needs to respond to attacker complexity while still enabling day-to-day business to happen.
When it comes to detecting malware, the arms race between attackers and defenders is certainly nothing new. The once seemingly simple battle between nuisance script kiddie worms and simple anti-virus software evolved over time into a much more complex and layered approach towards stopping powerful weapons against organizations to extort, incur damages, and steal intellectual property. For a long time now, malware-detection technologies have become more sophisticated as malware works harder than ever to gain access to a target machine and then conceal its presence as it runs.