Cloud security solutions startup Stream.Security today announced it had raised $30 million in new funding to allow it to accelerate its growth through research and development and drive market expansion.
Founded in 2020, Stream.Security, previously known as Lightlytics, offers real-time cloud threat and exposure management solutions for enterprises. The company’s flagship Cloud Twin technology models an organization’s cloud infrastructure continuously to give security teams visibility into past, present and potential future threats. The modeling enables precise threat detection and quick responses to potential vulnerabilities in multicloud environments, the company says.
Stream.Security’s platform is built to accelerate SecOps teams’ ability to manage cloud-native security threats. The platform analyzes potential attack paths, identifies vulnerabilities and drastically reduces the mean time to respond. Enhanced with real-time updates, the company claims, the platform ensures that enterprises stay ahead of fast-evolving security threats in modern, dynamic cloud environments.
The solution differs from other solutions on the market through a cloud-native approach. Stream.Security’s technology allows SecOps teams to act on real-time insights, making it easier to pinpoint threats and exposures before they become significant issues, an approach that addresses the growing need for proactive cloud security.
“SecOps teams need a cloud solution they can trust and, without the ability to continuously assess and manage threat and exposure in real time, they are securing the cloud through the rear-view mirror,” said Chief Executive Or Shoshani.
Stream.Security says it has seen over 400% growth over the last year, though it didn’t reveal absolute numbers, with new customers in industries that include finance, industrial energy and e-commerce. Notable customers include Sony Group Corp., TiVo Corp., RingCentral Inc., TC Energy Corp., Cato Networks Ltd. and PennyMac Financial Services Inc.
US Venture Partners led the Series B round, with Citi Ventures Inc., the Stanford Endowment Fund and existing investors Energy Impact Partners LP, Cervin Ventures, TLV Partners Ltd. and Glilot Capital Partners LP also participating.
The new funding will be used by Stream.Security to accelerate growth by investing in research and development for its AI-powered platform to enhance its capabilities to deliver comprehensive cloud security solutions for enterprises. The funding is also intended to drive global market expansion and customer adoption, ensuring faster deployment and more secure cloud infrastructures. Additionally, Stream.Security plans to enhance customer success and support initiatives to meet the needs of its growing client base.
Stream.Security was previously in the news in March when it debuted new AI-powered investigation and remediation tools.