Realm.Security Emerges from Stealth, Raises $5M to Manage Explosion of Cyber Security Data
September 12 2024 - 6:00AM
Realm.Security, Inc., the security fabric company purpose-built for
cybersecurity, announced today that it has emerged from stealth and
raised $5 million in seed funding from Accomplice and Glasswing
Ventures to control the explosion of cybersecurity data inundating
security teams. Founded by a team of cybersecurity veterans with
decades of experience building and scaling some of the most
influential companies in the industry, Realm transforms sprawling
security data into a unified, intelligent entity that allows
security teams to effectively manage cost and escape vendor lock.
The August 2024 Forrester Research, Inc. 2025 Budget Planning
Guide For Security And Risk Leaders states, “Spiraling tech stack
sprawl is driving budgets up.” The report notes, “Security
operations teams are constantly looking for ways to reduce the cost
of managing, storing, and analyzing data — typically done in the
security information and event management (SIEM) platform.”
Over the past decade, security teams have rapidly adopted new
defensive technologies to protect their evolving digital footprint
and corresponding attack surface. These additional solutions have
resulted in an explosion of data volume, velocity, and variety,
leading to runaway data management costs and overwhelming data
logistics challenges for defenders.
Realm tames today’s deluge of security data by integrating and
managing data from different sources and in various formats through
emerging artificial intelligence and data processing capabilities.
By creating a single point of ingestion and management, Realm
enables security teams to normalize, suppress, route and enrich all
data sources while pursuing a multi-destination strategy. Adopting
Realm’s platform ends vendor lock for customers and concurrently
delivers powerful, but simple, control over rising costs due to
usage-based licensing models.
“Cybersecurity has increasingly become a data problem,” said
Peter Martin, Co-Founder and CEO of Realm. “In conferring with over
a hundred security professionals, the volume of security data has
increased between 300% and 500% in the past two years, creating an
unmanageable threat as data inflows continue to scale. A shortage
of talent available for the role of information security analyst
further exacerbates this problem.”
Realm.Security was founded by Peter Martin, Jeff Kraemer and
Sanket Choksey to address the explosion of security data and
inherent challenges faced by cybersecurity teams globally. Over the
past three decades, the founders have been on the frontlines of
innovation in security, having played crucial roles in creating,
launching and scaling technology solutions for Carbon Black,
Rapid7, Confer Technologies and Cisco Systems. The three founders
have launched many successful new solutions and telemetry sources
first-hand.
“For the past 15 years, security teams have collected more and
more data to see and stop the adversary. Today, teams have realized
that the cost, time and noise associated with all of this data
actually slows response time. There needs to be a better way to
ensure the appropriate data is in the right place to better secure
the enterprise,” said Patrick Morley, former CEO of Carbon Black
and Accomplice federated partner. “We are excited to partner and
support the mission Realm is relentlessly pursuing.”
“We believe that pushing the boundary of what’s possible is
critical when solving meaningful and inherently hard problems,”
said Rick Grinnell, Founder and Managing Partner at Glasswing
Ventures. “Security’s hardest problem is managing large volumes of
data and ensuring the right information goes to the right place at
the right time. Realm is tackling a critical problem with a team of
storied industry veterans who have done this before. We look
forward to the journey ahead.”
About Realm.SecurityHeadquartered in Boston,
MA, Realm is pioneering the creation of an easy-to-implement,
simple-to-use security fabric solution that is purpose-built for
cybersecurity. Delivering tangible value quickly for
resource-constrained security defenders is at the core of the
company’s mission. Realm empowers security teams to shift their
focus from tools and technology to the real problem, stopping bad
actors from achieving their end goal. To learn more, please visit:
www.realm.security
About AccompliceBased in Boston, MA, Accomplice
has been part of the origin story of AngelList, Carbon Black,
CoinList, DraftKings, FalconX, Integral Ad Science, Hopper, HQO,
Near, Orchard, Patreon, PillPack, Recorded Future,
SecurityScorecard, Veracode, WorkHuman, WHOOP, ZOE, Zoopla, and
more. Accomplice is behind the Spearhead operator-angel movement
and Accomplice Blockchain, and is also an anchor LP behind numerous
solo GP funds including Archetype, Vinyl, Vibe, and Wolfhead.
About Glasswing VenturesGlasswing Ventures is a
first-capital-in venture capital firm dedicated to investing in
startups applying AI and frontier technology to enterprise and
cybersecurity markets. The Boston-based firm was founded by
visionary partners with decades of experience in these markets, a
disciplined investment approach, and a strong track record of
industry-leading returns. Glasswing leverages its deep domain
expertise and world-leading advisory councils to invest in
exceptional founders who transform markets and revolutionize
industries. Visit Glasswing Ventures for more information.
PR Contact:Ilona MohacsiEVP, Industry Analyst
& Media RelationsPenVine Inc.+1
631-764-3729ilonam@penvine.com
A photo accompanying this announcement is available at
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