Overview

SymOps provides a software platform that automates security operations for businesses, helping them manage security incidents more efficiently. The platform simplifies the process of responding to cyber threats, allowing companies to save time and resources. SymOps caters to a wide range of clients, including small businesses, large corporations, and government agencies, all of whom require effective cybersecurity solutions. The company operates on a subscription model, where clients pay a recurring fee based on their size and service needs, ensuring a steady revenue stream while offering flexibility. With the increasing prevalence of cyber threats, SymOps is well-positioned to meet the growing demand for efficient cybersecurity solutions.

Simplify's Take

What believers are saying

• Increased demand for zero-trust models aligns with Sym's integration capabilities.
• The rise of DevSecOps practices boosts demand for Sym's security automation tools.
• Growing serverless architecture market presents opportunities for Sym's templates.

What critics are saying

• Competition from Unit21 threatens Sym's market share in cybersecurity.
• Reliance on third-party services like Okta exposes Sym to potential outages.
• Rapid growth from recent funding may strain Sym's operational resources.

What makes Sym unique

• Sym integrates AWS, IDPs, and policy-as-code tools for seamless security workflows.
• The platform offers serverless templates for custom integrations, enhancing flexibility.
• Sym's focus on automation streamlines security operations, reducing response time to threats.

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Funding

Total Funding

$15M

Below

Industry Average

Funded Over

2 Rounds

$3,000,000

Seed

Oct 2020

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Meet Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$3M

View all funding stages