Latest news with #DropzoneAI
Yahoo
28-07-2025
- Business
- Yahoo
Dropzone AI Secures $37M Series B, Putting AI Security Analysts on the Front Lines of Cyber Battlefield
New funding fuels the development of autonomous AI SOC agents, set to turn the tide on the losing cybersecurity battle SEATTLE, July 28, 2025--(BUSINESS WIRE)--Dropzone AI, the leading provider of AI SOC analysts, has raised $37 million in Series B funding, led by Theory Ventures and joined by Madrona, Decibel Ventures, Pioneer Square Labs, and IQT. This infusion of funding validates Dropzone AI's unique solution as it leads the market for AI SOC agents, delivering measurable and transformative security outcomes for clients like UiPath, Zapier, Pipe, Assala Energy, and over 100 other enterprises. Their AI-native approach equips security teams with a superior defense - reducing security risks, operational costs, and analyst burnout - uniquely addressing the limitations of legacy cybersecurity solutions. "Dropzone AI's ability to autonomously triage and investigate security alerts with human-level reasoning is a game-changer in a market that's overwhelmed by alert fatigue and attack frequency," said Vivek Ramaswami, Partner at Madrona Ventures. "At Madrona we look for founders who are passionate about advancing their sector and have the technical ability to do so; Edward exemplifies this pairing of vision and acumen. We're proud to support him and the Dropzone team in building what modern security teams need to stay ahead." According to the 2024 ISC2 Cybersecurity Workforce Study, 67% of respondents face staffing shortages, worsened by layoffs and budget cuts, making it more difficult to secure their organizations and driving interest in AI SOC solutions as leaders recognize the need for fundamental change. Recent Gartner® research1 predicts that, "multiagent AI in threat detection and incident response will rise from 5% to 70% of AI implementations to primarily augment — not replace — staff." Additionally, we were recently named a Sample Vendor for AI SOC Agents within the 2025 Gartner® Hype Cycle ™ for Security Operations2. Dropzone AI is at the forefront of this transformative shift in cybersecurity strategies and investments, set to fundamentally redefine cybersecurity operations. "Dropzone AI SOC analyst's performance is exceptional, delivering detailed, high-fidelity alerts within minutes," said Andrew Marsh, Director of Information Security at Indiana Farm Bureau Insurance. "This transparent, rapid processing and accuracy significantly elevates threat response capabilities." Dropzone AI autonomously investigates security alerts, replicating the techniques of elite analysts and allowing SOCs to achieve coverage and speed that was not previously possible. CBTS, a North American IT services provider, uses Dropzone AI to enhance the efficiency and quality of its managed detection and response service. By offloading 30–50% of alert volume, the platform has significantly reduced repetitive work, allowing the team to focus more on threat hunting, customer onboarding, and improving coverage. "Today's funding fortifies our market lead," said Edward Wu, Founder and CEO of Dropzone AI. "We're driving a generational shift in cybersecurity from manpower-bound, alert-chasing SOC teams to SOC teams backed by an army of autonomous AI agents that get to focus on what truly matters. This change is not optional; it's essential. We exist to level the playing field for cyber defenders, and we can field these next-generation capabilities right now. We know who we're working for. We'll ensure they always outmatch the attackers." The capital will be deployed across three strategic pillars. First, Dropzone AI will amplify its global footprint to meet surging demands by growing sales, marketing, and customer-success teams, so more security teams can better protect and enable their businesses without large increases in headcount or budget. Second, the company will fast-track the creation of additional specialized, autonomous AI agents for manual security tasks. Finally, it will deepen and extend its roster of ecosystem partnerships and technical integrations, ensuring its solutions can work with security teams of all sizes, tool stacks, and maturity to boost operational efficiency, sharpen threat detection, and drive stronger ROI. "As the AI SOC market has begun to mature, Dropzone has pulled ahead of the pack," said Tomasz Tunguz, General Partner at Theory. "Their AI SOC analysts have been validated by some of the world's largest enterprises and MSSPs, and are in production across dozens of businesses – along with recognition from analyst firms like Gartner and Forrester. Dropzone's sales have taken off as they've established their position as a trusted category leader; we were excited to double down in the Series B to further accelerate their efforts and shape what's next in AI-native security platforms." To learn more about Dropzone AI or to book a demo, please visit: About Dropzone AI Dropzone AI weaponizes LLMs for cyber defenders, equipping them with armies of AI agents so that they can overmatch attackers. With Dropzone autonomously handling routine Tier 1 alert triage, organizations can spend less time on reactive security and more time on proactive security. The Dropzone AI SOC Analyst replicates the techniques of elite analysts and is trusted by more than 100 organizations, including Mysten Labs, Pipe, UiPath, and Zapier. Learn more by visiting ______________________________ 1 Gartner, "Emerging Tech: Techscape for Detection and Response Startups," Bhatia, Esha, and Apeksha Kaushik. , March 19, 2025. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. 2 Gartner, "Hype Cycle for Security Operations, 2025," Nunez, Jonathan, and Darren Livingstone, June 23, 2025. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. View source version on Contacts Media ContactTori OdomLaunchTech Communications+1-443-752-5466todom@
Business Wire
28-07-2025
- Business
- Business Wire
Dropzone AI Secures $37M Series B, Putting AI Security Analysts on the Front Lines of Cyber Battlefield
SEATTLE--(BUSINESS WIRE)--Dropzone AI, the leading provider of AI SOC analysts, has raised $37 million in Series B funding, led by Theory Ventures and joined by Madrona, Decibel Ventures, Pioneer Square Labs, and IQT. This infusion of funding validates Dropzone AI's unique solution as it leads the market for AI SOC agents, delivering measurable and transformative security outcomes for clients like UiPath, Zapier, Pipe, Assala Energy, and over 100 other enterprises. Their AI-native approach equips security teams with a superior defense - reducing security risks, operational costs, and analyst burnout - uniquely addressing the limitations of legacy cybersecurity solutions. 'Dropzone AI's ability to autonomously triage and investigate security alerts with human-level reasoning is a game-changer in a market that's overwhelmed by alert fatigue and attack frequency," said Vivek Ramaswami, Partner at Madrona Ventures. "At Madrona we look for founders who are passionate about advancing their sector and have the technical ability to do so; Edward exemplifies this pairing of vision and acumen. We're proud to support him and the Dropzone team in building what modern security teams need to stay ahead." According to the 2024 ISC2 Cybersecurity Workforce Study, 67% of respondents face staffing shortages, worsened by layoffs and budget cuts, making it more difficult to secure their organizations and driving interest in AI SOC solutions as leaders recognize the need for fundamental change. Recent Gartner® research1 predicts that, 'multiagent AI in threat detection and incident response will rise from 5% to 70% of AI implementations to primarily augment — not replace — staff.' Additionally, we were recently named a Sample Vendor for AI SOC Agents within the 2025 Gartner® Hype Cycle ™ for Security Operations2. Dropzone AI is at the forefront of this transformative shift in cybersecurity strategies and investments, set to fundamentally redefine cybersecurity operations. 'Dropzone AI SOC analyst's performance is exceptional, delivering detailed, high-fidelity alerts within minutes,' said Andrew Marsh, Director of Information Security at Indiana Farm Bureau Insurance. 'This transparent, rapid processing and accuracy significantly elevates threat response capabilities.' Dropzone AI autonomously investigates security alerts, replicating the techniques of elite analysts and allowing SOCs to achieve coverage and speed that was not previously possible. CBTS, a North American IT services provider, uses Dropzone AI to enhance the efficiency and quality of its managed detection and response service. By offloading 30–50% of alert volume, the platform has significantly reduced repetitive work, allowing the team to focus more on threat hunting, customer onboarding, and improving coverage. 'Today's funding fortifies our market lead,' said Edward Wu, Founder and CEO of Dropzone AI. 'We're driving a generational shift in cybersecurity from manpower-bound, alert-chasing SOC teams to SOC teams backed by an army of autonomous AI agents that get to focus on what truly matters. This change is not optional; it's essential. We exist to level the playing field for cyber defenders, and we can field these next-generation capabilities right now. We know who we're working for. We'll ensure they always outmatch the attackers.' The capital will be deployed across three strategic pillars. First, Dropzone AI will amplify its global footprint to meet surging demands by growing sales, marketing, and customer-success teams, so more security teams can better protect and enable their businesses without large increases in headcount or budget. Second, the company will fast-track the creation of additional specialized, autonomous AI agents for manual security tasks. Finally, it will deepen and extend its roster of ecosystem partnerships and technical integrations, ensuring its solutions can work with security teams of all sizes, tool stacks, and maturity to boost operational efficiency, sharpen threat detection, and drive stronger ROI. "As the AI SOC market has begun to mature, Dropzone has pulled ahead of the pack," said Tomasz Tunguz, General Partner at Theory. "Their AI SOC analysts have been validated by some of the world's largest enterprises and MSSPs, and are in production across dozens of businesses – along with recognition from analyst firms like Gartner and Forrester. Dropzone's sales have taken off as they've established their position as a trusted category leader; we were excited to double down in the Series B to further accelerate their efforts and shape what's next in AI-native security platforms." To learn more about Dropzone AI or to book a demo, please visit: About Dropzone AI Dropzone AI weaponizes LLMs for cyber defenders, equipping them with armies of AI agents so that they can overmatch attackers. With Dropzone autonomously handling routine Tier 1 alert triage, organizations can spend less time on reactive security and more time on proactive security. The Dropzone AI SOC Analyst replicates the techniques of elite analysts and is trusted by more than 100 organizations, including Mysten Labs, Pipe, UiPath, and Zapier. Learn more by visiting ______________________________ 1 Gartner, 'Emerging Tech: Techscape for Detection and Response Startups,' Bhatia, Esha, and Apeksha Kaushik. , March 19, 2025. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. 2 Gartner, 'Hype Cycle for Security Operations, 2025,' Nunez, Jonathan, and Darren Livingstone, June 23, 2025. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Expand
Geek Wire
28-07-2025
- Business
- Geek Wire
Seattle startup Dropzone raises $37M to supercharge its ‘AI SOC analyst' security software
GeekWire's startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory . The Dropzone team. (Dropzone Photo) Security teams have trouble handling a daily flood of alerts. AI bots can help. That's the premise behind Dropzone AI, a Seattle-based startup that just raised a $37 million Series B round to fuel growth. CEO Edward Wu said the fresh capital gives the company 'capacity and optionality' as it pushes to stay ahead in what he calls the next billion-dollar battleground in cybersecurity. Dropzone's pre-trained AI security agents are designed to act as Tier‑1 SOC (Security Operations Center) analysts. They use large language models and handle repetitive tasks — investigating alerts and escalating incidents that need human review. The agents mimic the thought process and techniques of expert security analysts. The idea is to help alleviate the pressure on security teams as cyber risks rise, and reduce the time needed to respond to threats. Dropzone has more than 100 enterprise customers, from mid-size IT departments to managed security service providers. Clients include UiPath, Zapier, and others. 'This is kind of a needle-mover technology for a lot of different security teams,' Wu said. Revenue more than doubled in Q2 compared to Q1, Wu said. Dropzone AI founder and CEO Edward Wu. (Dropzone Photo) Wu said the system's false‑negative rate is consistently below 1 percent, while false positives drop below 10 percent as the model learns each environment. Dropzone faces growing competition from tech giants like Microsoft and Google, which offer their own autonomous SOC tools, as well as smaller startups. Wu said Dropzone is the only company in its sector that offers a free 'test drive' of its product without needing to talk to a salesperson. 'That has really helped us to show the maturity of our technology,' he said. 'We're not hiding our product behind closed-door demos.' Earlier this year Dropzone rolled out a free browser extension tool called 'Coach' that aims to give security analysts an AI co-worker in their browser. Wu previously spent eight years at Seattle-based security company ExtraHop before launching Dropzone in 2023. Theory Ventures led the Series B round. Madrona, Decibel Ventures, Pioneer Square Labs, and IQT also participated. Dropzone has 28 employees and is actively hiring.
Yahoo
19-05-2025
- Business
- Yahoo
CyberShark Pitch Competition Names Finalists from First Round of 2025 Event Series
While on site at the 2025 RSA Conference, a panel of 10 CISO judges evaluated pitches from emerging cybersecurity companies in search of stand-out solutions – Congratulations to finalists Dropzone AI and RapidFort BALTIMORE, May 19, 2025--(BUSINESS WIRE)--Hosted by LaunchTech Communications, a CyberRisk Alliance (CRA) resource specializing in PR and AR services for the cybersecurity industry, the CyberShark Pitch Competition today announced the first two finalists to advance in the 2025 program. The CyberShark Pitch Competition provides emerging cybersecurity companies with an opportunity to pitch their product and receive feedback from Chief Information Security Officers (CISOs). During the in-person event held the week of RSA Conference, CISO judges from a variety of industries – including insurance, technology, food and beverage, pharmaceutical distribution, manufacturing, financial services, and more – voted to determine which presentation conveyed the most distinct value proposition and clear messaging. "Not only did our exceptional panel of judges generously offer their time and deep cybersecurity expertise, but they also brought an incredibly meaningful level of enthusiasm to engage with the early-stage participants," said Taylor Hadley, Vice President, LaunchTech Communications. "Their thoughtful post-pitch feedback ensured that each pitching company received immediate, actionable feedback on their messaging, positioning, and product-market fit in a supportive, low-pressure environment." Congratulations to the finalists! 2025 CyberShark Pitch Competition "Round 1" Finalists: Dropzone AI – Provides pre-trained autonomous AI SOC analysts that work tirelessly alongside human teams. RapidFort – Eliminates 95% of software vulnerabilities without code changes through its attack surface management platform and near-zero CVE images. This round of the pitch event was particularly competitive, with each participating company demonstrating exceptional preparedness and exciting technological advancements. During the judging process, the CISO panel consistently commented on a few key elements of a strong pitch. These included: the value of delivering a clear problem statement, while avoiding FUD (fear, uncertainty and doubt); addressing how the product integrates with other systems and how it fits into the broader cybersecurity landscape; and providing examples of how the product performs in real-world scenarios demonstrates measurable benefits. "The CyberShark Pitch Competition exemplifies the community spirit of our CISO network," said Dustin Sachs, Chief Technologist and Senior Director of Programs with the CyberRisk Collaborative. "By providing a platform for emerging companies to showcase their innovative solutions, we're not just identifying potential game-changers, we're actively investing in the future of cybersecurity. This program is a win-win; cybersecurity vendors gain invaluable feedback to inform their go to market strategy and exposure to potential word of mouth referrals, and our CISO community gains insight into breakthrough solutions and serve to potentially influence how these companies ultimately meet market needs." "We established this program to ensure our clients have the opportunity to validate their solutions and interact directly with industry decision makers," said Wayne Schepens, Chief Cyber Market Analyst of CyberRisk Alliance. "CyberShark allows vendors to gather valuable input, identify champions, validate their messaging and test their solutions against others. For vendors, there is no better test than pitching industry CISOs in a competitive environment; and for buyers there is no better way for them to play a role in the direction of future innovation. We look forward to continuing this initiative while making it available to more and more practitioners and technology producers." A second opportunity to pitch CISO judges in person will take place during the week of Black Hat USA 2025, where two more finalists will advance in the CyberShark Pitch Competition. Those finalists, and the finalists from RSA Conference, will go head-to-head in the final round of the competition taking place virtually as part of a live broadcast in the fall of 2025. All 2,000+ members of CyberRisk Collaborative will be invited to participate as judges in the final round. More information about CyberShark can be found here. For more information about LaunchTech Communications, visit About CyberRisk Alliance (CRA) CyberRisk Alliance provides business intelligence that helps the cybersecurity ecosystem connect, share knowledge, accelerate careers, and make smarter and faster decisions. Through our trusted information brands, network of experts, and more than 250 innovative annual events we provide cybersecurity professionals with actionable insights and act as a powerful extension of cybersecurity marketing teams. Our brands include SC Media, the Official Cybersecurity Summits, Security Weekly, InfoSec World, Identiverse, CyberRisk Collaborative, ChannelE2E, MSSP Alert, LaunchTech Communications, TECHEXPO Top Secret and CyberRisk TV. Learn more at View source version on Contacts Media Contact cybershark@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
