# Siemplify

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/siemplify

- Industry: IT Security/Cybersecurity
- Headquarters: New York, US
- Website: www.siemplify.co
- Total disclosed funding: $58M
- Latest round: Series C (May 20, 2019)
- Investors on record: 6

## About

Siemplify Ltd. is a cybersecurity technology company specializing in Security Operations solutions. It provides a cloud-native platform designed to enhance security teams' capabilities in detecting, investigating, and responding to security threats.Founded in 2015 by Alon Cohen, Amos Stern, and Garry Fatakhov, Siemplify Ltd. is headquartered in New York, US. The company has achieved significant milestones, including a recent TRADE SALE in which it raised a total of USD 500.00 mn from investors including Google Cloud Platform. Over its course, Siemplify has been involved in 7 deals, demonstrating its strategic growth in the cybersecurity sector.Siemplify's primary offering, Google Security Operations (SecOps), delivers a cloud-native security operations platform that equips teams to manage cybersecurity threats efficiently. This platform includes Security Information and Event Management (SIEM), Security Orchestration, Automation, and Response (SOAR) capabilities, and threat intelligence functionalities. It caters to organizations across various sectors like government, healthcare, and finance, providing tools for modernizing security operations and countering evolving threats.Google Security Operations operates on a subscription-based model with tiered pricing plans: Standard, Enterprise, and Enterprise Plus. Each tier provides varying levels of SIEM and SOAR functionalities with features tailored to the client's needs. Clients typically engage in annual contracts, aligning costs with the operational scale and complexity of the organization.Looking ahead, Siemplify Ltd. aims to further develop its product line by introducing new solutions tailored to emerging security needs, with a goal to launch these products by the end of next year. The company is also planning to expand its market presence in Europe and Asia-Pacific regions over the next two years. The recent funding from Abundance Partners, which acquired Siemplify Ltd., will be strategically utilized to enhance product development and support market expansion efforts.

## Funding rounds

- Series C, May 20, 2019, $30M — Georgian, G20 Ventures, Jump Capital, 83 North
- Series B, Jul 24, 2018, $14M — G20 Ventures, Jump Capital, 83 North
- Series A, Nov 15, 2016, $10M — Greylock Partners, G20 Ventures, 83 North
- Seed, Feb 16, 2016, $4M — 83 North, Microsoft Accelerator

## Investors

- 83 North (https://capitalatlas.ai/funds/83-north) — Seed, Series A, Series B, Series C
- Microsoft Accelerator — Seed
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A
- G20 Ventures (https://capitalatlas.ai/funds/g20-ventures) — Series A, Series B, Series C
- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Series B, Series C
- Georgian — Series C