Abstract Security Announces $8.5M Seed to Redefine Cybersecurity

March 26, 2024Client News

Gunderson Dettmer represented client Abstract Security, a cybersecurity platform, in its $8.5 million Seed financing led by Crosslink Capital, Rally Ventures and Liquid 2 Ventures. Crafted by category creators and industry veterans known for redefining the cybersecurity landscape, Abstract Security is a revolutionary platform equipped with an AI-powered assistant to better centralize the management of security analytics.

In the announcement of the transaction, Abstract Security co-founder and CEO Colby DeRodeff said, "Current SIEM detection is largely ineffective and the capabilities afforded to analysts to leverage true correlation and analytics have hit an all-time low. For most organizations, this has become inefficient and impractical. And as an industry, we cannot keep building on a broken premise. The future of detection is fundamentally understanding the data sources and having detection engineering baked into the platform with powerful analytics. We help customers differentiate what data is important to their organization, and then we give them a roadmap to become more effective at detecting and mitigating threats."

The Gunderson Dettmer deal team was led by Nic Markman and included Oh Sung Kwon and Alan Gao.

Abstract Security