LimaCharlie, a Walnut, CA-based company that formulated the concept of Security Infrastructure as a Service (SIaaS), announced that it raised $5.45 million in seed financing, bringing LimaCharlie's total funding to $6.35 million, at a $24 million valuation.
The round was led by Susa Ventures, with participation from Xerox Ventures, CoFound Partners, Long Journey Ventures, Sands Capital, StoneMill Ventures, as well as an existing investor, Lytical Ventures.
With the new funding, the company intends to expand its engineering team to accelerate the development of new technologies.
Company: Refraction Point, Inc.
Raised: $5.45M
Round: Seed Round
Funding Month: May 2022
Lead Investors: Susa Ventures
Additional Investors: Xerox Ventures, CoFound Partners, Long Journey Ventures, Sands Capital, StoneMill Ventures, and Lytical Ventures
Company Website: https://limacharlie.io/
Software Category: Security Infrastructure as a Service
About the Company: Founded in 2018, LimaCharlie provides security tools and infrastructure on-demand, API-first in a way that is built for a massive scale. LimaCharlie is democratizing access to security infrastructure by allowing any security team, regardless of size or budget, to get started with powerful tools and infrastructure. LimaCharlie enables organizations to detect & respond to threats, automate processes, reduce the number of vendors they use, and future-proof their security operations. The company has built relationships with 100s of security engineering teams across MSSPs, DFIR firms, and enterprises, including Carta, Snap Inc., Soteria, and Chainalysis.
Source: https://www.globenewswire.com/news-release/2022/05/24/2449448/0/en/LimaCharlie-Secures-5-45-Million-in-Seed-Funding-Led-by-Susa-Ventures.html