Participated · Equity · Jul 2022

Swimlane offers an AI hyperautomation platform (Swimlane Turbine) with Hero, the company’s agentic AI SecOps companion, for automating security, compliance and IT/OT operations. The company says its platform can automate more than 25 million daily actions per customer and operates 17x faster than other SOAR or security hyperautomation solutions. New capital will be applied to product innovation and global channel expansion, including support for MSSPs, value-added distributors, resellers and global integrators. Swimlane reports sustained revenue growth and says it has grown more than 110% since its last funding round while expanding to over 50 Global 1,000 companies, 26 U.S. federal agencies and five of the world’s top systems integrators. Today roughly 75% of Swimlane’s business flows through channel partners. The company is on track to achieve profitability in Q3‑2025 driven by improved operating efficiency and disciplined cost management. Swimlane has also received industry recognition, including ISO42001 AI certification and rankings from Inc., TAG Cyber and QKS Group. Swimlane builds a cloud-scale, low-code security automation platform (Turbine) that captures hard-to-reach telemetry and expands actionability beyond closed XDR ecosystems. The platform combines human and machine data into actionable intelligence to help security teams overcome process and data fatigue and chronic staffing shortages. Swimlane positions itself as a leader in cloud-scale security automation and recently launched Turbine as a next-generation low-code automation solution. The company reported hyper revenue growth, over 120% net retention and product expansion, a 5X increase in cloud product adoption over 2021, and over 700% growth over the last four years. Swimlane plans to use new capital to accelerate global expansion, advance platform innovations, and grow its global partner network with technical partner support and enablement. Swimlane provides a SOAR platform that enables organizations to automate every aspect of their security operations via a flexible central workbench. The platform helps teams prioritize alerts, orchestrate tools, automate remediation, and reduce analyst burnout. Swimlane positions its product to address alert fatigue, vendor proliferation and chronic staffing shortages. Recent milestones include the 10.0 release of the Swimlane platform, securing US Patent 10,552,615, launching customer and channel programs, and acquiring Syncurity. The company was named a representative vendor in Gartner’s 2020 Market Guide for SOAR solutions. Swimlane is headquartered in Denver, Colo., and operates across North America, Central America, Europe, the Middle East and Australia. The company announced a $40M growth funding to accelerate partnerships and alliances, expand research and development, and enable further global expansion. Swimlane provides security orchestration, automation and response (SOAR) solutions that help organizations address alert fatigue, vendor proliferation and chronic staffing shortages. Its platform prioritizes alerts, orchestrates security tools and automates remediation of threats to improve performance across security operations. The company's extensible solution integrates with existing tools and supports compliance with data breach laws and regulations across multiple verticals. Led by co-founder and CEO Cody Cornell, Swimlane plans to use recent funding to accelerate SOAR innovation, expand global alliances and improve cross-organization collaboration. The company raised an additional $23M as part of its Series B round, bringing total capital raised to $35M. Swimlane provides enterprise IT organizations with automation and security orchestration tools to track, mitigate and resolve security events across multiple platforms and respond in real time. Founded in 2014 by Cody Cornell, CEO, the company is based in Louisville, Colo. Its customer portfolio includes Fortune 1000 enterprises, large US federal agencies and managed security service providers (MSSPs). In 2017 Swimlane completed a $6M Series A round (raising an additional $3M to complete the round). The company intends to use the funding to accelerate growth through expanded sales and marketing and to add software development resources to drive innovation. The Series A proceeds are intended to support scaling of product and go-to-market efforts.