LimaCharlie, a Covina, CA-based creator of security operations (SecOps) cloud platform, raised a $10.2 million Series A investment.
SaaS Investors
The round was led by Sands Capital, with participation from new investors CoFound Partners, Long Journey Ventures, Lytical Ventures, Myriad Venture Partners, StoneMill Ventures, and existing investors including Strategic Cyber Ventures.
Founded in 1992, Sands Capital is a growth expansion investment firm based in Arlington, Virginia. The firm prefers to invest in companies operating in the healthcare, business products and services, consumer products and services, and technology sectors. Sands Capital is an independent, staff-owned firm with offices in the Washington, D.C. area, San Francisco, and Singapore.
LimaCharlie Use of Funds
Lima The funding will accelerate team expansion and introduce new capabilities to the SecOps Cloud Platform, meeting the growing demand for a flexible and scalable approach to security.
About LimaCharlie
LimaCharlie operates as a SecOps cloud platform specializing in cybersecurity operations for the modern era. The company offers a platform that provides endpoint security, a pipeline, and detection and response capabilities, designed to help organizations build security programs. LimaCharlie caters to enterprise organizations, managed security service providers, and product builders by offering enterprise protection and the ability to integrate with existing security stacks. LimaCharlie was formerly known as Refraction Point. It was founded in 2018 and is based in Covina, California.
Funding Details
Company: Refraction Point, Inc.
Raised: $10.2M
Round: Series A
Funding Month: February 2024
Lead Investors: Sands Capital
Additional Investors: CoFound Partners, Long Journey Ventures, Lytical Ventures, Myriad Venture Partners, StoneMill Ventures, and Strategic Cyber Ventures
Company Website: https://app.limacharlie.io/
Software Category: Cybersecurity
Source: https://www.prnewswire.com/news-releases/limacharlie-lands-10-2-million-series-a-funding-to-transform-security-operations-302055265.html