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VentureBeat: Theta Lake raises $50M to secure use of collaboration apps

By March 23, 2022No Comments
Screen Shot 2022 03 23 at 9.36.01 AM

Theta Lake, which offers a security and compliance solution for popular collaboration applications, has closed a $50 million series B funding round as the company seeks to help customers uncover risks across their digital communications.

The solution is deeply integrated with major collaboration platforms such as Zoom, Microsoft Teams, Slack and Cisco Webex, and offers a number of first-to-market capabilities, including around detection of risks in video and voice communications, CEO Devin Redmond told VentureBeat.

Theta Lake’s product offers both archiving of content from the use of collaboration apps, and security and data protection features for communications on those platforms. Security features include detection of sensitive information that has been shared onscreen in a video meeting, or verbally during an online meeting.

“What we do that is very different is … we’re designed to ingest or consume any type of content and analyze it,” Redmond said, noting that the company holds the first patent for detection of risk inside of visual content.

“Nobody’s seen anything like it before,” he said. “But once they see it, they understand how it solves real problems that they know they have in their environment.”

 

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