Todyl raises $50M for all-in-one cybersecurity platform

TLDR:

• Todyl Inc., a networking and cybersecurity startup, raises $50 million in funding led by Base10 Partners.
• The company offers a cloud-first platform that combines multiple cybersecurity segments using a modular approach for small and medium businesses.

Networking and cybersecurity startup Todyl Inc. has secured $50 million in new funding to expand its all-in-one modular platform that helps companies defend against cyber threats. The investment, led by Base10 Partners with participation from existing investors like Anthos Capital and Tech Operators, brings the total funding raised by the company to $83.8 million. Todyl, founded in 2015, offers a platform that unifies various cybersecurity segments using a single-agent and modular approach, catering to medium and small businesses. The company recently added security orchestration, automation, and response (SOAR) to its technology stack, enabling automatic responses to cyberattacks and quick escalation of unknown threats to the security team. Todyl’s platform is designed to reduce costs and enhance performance by consolidating all modular capabilities into a single agent in a cloud platform. Customers can customize their networking and security stack using a drag-and-drop interface without the need for redeployment. With the new funding, Todyl plans to expand its team, establish more office locations globally, and accelerate platform development in networking and cybersecurity capabilities.