Dropzone AI, a Seattle, WA-based AI-powered Security Operations Center (SOC) solutions provider, has secured $16.85 million in Series A funding.
Investors
The round was led by Theory Ventures, with participation from existing investors including Decibel Ventures, Pioneer Square Ventures, and In-Q-Tel (IQT).
Dropzone AI Use of Funds
The funding will drive growth and innovation, scaling Dropzone AI's go-to-market strategy and engineering team to further redefine the cybersecurity landscape with Gen AI-powered solutions.
About Dropzone AI
Dropzone AI is a cybersecurity company developing AI-driven SOC analysts. Their autonomous SOC analysts automate Tier 1 investigations, escalate real issues for human review, and close benign alerts. Its technology works alongside human analysts to streamline investigations, reduce alert fatigue, and improve response times. The company's mission is to augment cyber defenders with an army of Gen-AI powered autonomous analysts so defenders can drive back attackers and reclaim the higher ground.
Funding Details
Company: Dropzone AI
Raised: $16.85M
Round: Series A
Funding Month: April 2024
Lead Investors: Theory Ventures
Additional Investors: Decibel Ventures, Pioneer Square Ventures, In-Q-Tel
Company Website: https://www.dropzone.ai/
Software Category: Cybersecurity
Source: https://www.dropzone.ai/blog/dropzone-announces-series-a-funding-round