Priya PatelTLDR:
- Todyl secures US$50m in Series B funding to revolutionize cybersecurity for SMBs
- The funding will help develop new security modules for Todyl’s all-in-one platform
In a new round of funding led by Base10 Partners, cybersecurity and networking firm Todyl has raised US$50m in Series B funding. This funding will allow Todyl to revolutionize cybersecurity for small and medium businesses (SMBs) through its integrated platform designed to provide IT professionals with the tools, insights, and automation needed to defend against cyber threats.
SMBs are increasingly facing sophisticated cyber threats, with fraudsters targeting businesses that may not have robust cybersecurity measures in place. Todyl’s platform, which includes modules such as SASE, SIEM, MXDR, EDR/NGAV, and SOAR, consolidates all cybersecurity requirements for businesses in one place. The addition of the SOAR integration enables businesses to execute rapid, automated response actions across endpoints and Microsoft 365.
Lead investor Base10 Partners sees Todyl as a credible leader in cybersecurity for SMBs, positioning itself as a serious alternative to incumbent players in the space. The funding will support the development of new security modules and future integrations to further enhance Todyl’s platform.
Overall, Todyl’s Series B funding will enable the company to continue its mission of leveling the playing field for businesses of all sizes by providing cost-effective, easy-to-use cybersecurity solutions tailored for the unique needs of SMBs.
