Pair join existing investor Cisco in new $50m funding round
RingCentral and Zoom have taken part in a $50m funding round for Theta Lake.
Theta Lake specialises in security and compliance for unified communications platforms and has raised more than $70m, with Cisco among the existing investors to take part in this latest round.
Devin Redmond, CEO and Co-founder of Theta Lake, said: “At Theta Lake, we are rearchitecting compliance with integrated security for the modern communication and information sharing platforms of today’s workforce.
“We have seen tremendous adoption of our platform, and it is inspiring to see customers using our solutions to unlock more collaboration and productivity for their end-users. Modern compliance and security should be a strategic enabler, and we are proving that it can be.
“The addition of Battery Ventures, along with so many of our strategic integration partners, coupled with our existing investors, will drive our ability to innovate and deliver value to our customers at even a more global scale.”