What is Respond Software?
Respond Software is a leader in Robotic Decision Automation (RDA), a new class of automated software designed to combat cyber-crime. The company's patented intelligent decision engine, PGO®, merges human expert judgment with software scalability to enhance monitoring and triage capabilities. This technology is crucial for security teams facing a deficit of skilled analysts, offering a cost-effective solution that dramatically increases capacity and efficiency. The company's approach provides a near-instant return on investment for organizations grappling with sophisticated cyber threats.
How much funding has Respond Software raised?
Respond Software has raised a total of $33M across 3 funding rounds:
Series A
$12M
Series B
$20M
Debt
$1M
Series A (2017): $12M with participation from CRV and Foundation Capital
Series B (2019): $20M led by Foundation Capital, CRV, and ClearSky Security
Debt (2020): $1M supported by PPP
Key Investors in Respond Software
Foundation Capital
Foundation Capital is a venture capital firm that partners with bold founders building category-defining technology companies, supporting entrepreneurs from the earliest stages through long-term growth with deep operational and strategic expertise.
CRV
CRV is a venture capital firm that invests in early-stage tech startups. Founders need more than capital to build a great company. It takes a partner who understands the entrepreneurial journey and knows what it takes to win.
ClearSky Security
ClearSky is a venture capital/growth equity firm that has been operating since 2012 with offices across the United States. ClearSky invests in companies that offer transformative security solutions with a specific focus on cybersecurity.
What's next for Respond Software?
With this major strategic investment, Respond Software is poised for significant expansion. The enterprise-level capital will likely fuel further development of its RDA platform, enhance its market penetration, and bolster its efforts to address the global shortage of cybersecurity talent. The company's focus on automated decision-making positions it to capitalize on the increasing demand for efficient and scalable security solutions. Future growth may involve expanding its client base across various enterprise sectors and potentially exploring new technological integrations to further fortify its competitive edge in the cybersecurity landscape.
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