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Theta Lake Attracts $50 Million In Series B Funding To Fuel Expansion Of Security And Compliance Solutions For Modern Communications And The Future Of Work

Mar 23, 2022•over 3 years ago

Amount Raised

$50 Million

Round Type

series b

Santa Barbara

Description

Theta Lake, the leader in unified communication security and compliance solutions tailored to today’s new, increasingly digital and distributed world of work, announced a $50 million series B funding round led by Battery Ventures. The round also includes investments from existing investors such as Lightspeed Venture Partners, Neotribe Ventures and Cisco Investments, as well as new investments from RingCentral Ventures, Salesforce Ventures, and Zoom Video Communications, Inc. The new investment brings the company’s total funding raised to date to over $70 million.

Company Information

Company

Theta Lake

Location

Santa Barbara, California, United States

About

Theta Lake’s multi-award winning product suite provides patented compliance and security for modern collaboration platforms, utilizing over 45 frictionless partner integrations that include RingCentral, Webex by Cisco, Microsoft Teams, Slack, Zoom, and more. Theta Lake can capture, compliantly archive, and act as an archive connector for existing archives of record for video, voice, and chat collaboration systems. In addition to comprehensive capture and archiving, Theta Lake uses patented AI to detect and surface regulatory, privacy, and security risks in an AI assisted review workflow across what is shared, shown, spoken, and typed. Theta Lake enables organizations to safely, compliantly, and cost-effectively expand their use of communication platforms. Visit us at ThetaLake.com; LinkedIn; or Twitter at @thetalake.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech