... Skip to main content

GetVoIP: Theta Lake Nabs $50M in Series B Funding Round

By March 31, 2022No Comments

Back in December 2021, Theta Lake partnered with Verint, forming a strategic relationship poised to tighten the customer engagement firm’s grasp on collaboration security and compliance solutions. Since then, I have heard about the firm at least once weekly. 

Recently, compliance and security startup; Theta Lake announced it had raised $50 million in a Series B funding round; led by Battery Ventures. Lightspeed Venture Partners, Neotribe Ventures; also joined the round. 

Cisco Investments, RingCentral Ventures, Salesforce Ventures, and Zoom Video Communications Inc., UCC giants with deep investment-fund pockets, (also) participated in the Series B funding round. More on that later, but as you can imagine – they stand to gain a lot from the investment.

According to Theta Lake, the establishment, in total, has raised more than $70 million to date. The company says it plans to use the funds to expand its product offering, which today; spans video, voice, chat, documents, and email -while focusing on eliminating security risks involved in leveraging said technologies. 

Read the full article on getvoip.com!GETVOIP logo