Theta Lake, Zoom, Slack, Battery Ventures, Spark Capital, and Alchemist Ventures have teamed up to form Theta Lake Ventures, a new early stage venture capital firm.
1. Theta Lake Zoom Slack Battery Venturesalspachventurebeat
Theta Lake, a startup that provides compliance automation for Zoom and Slack, has raised $12 million in a series A funding round led by Battery Ventures with participation from Alspach Venture Partners and VentureBeat.
This latest funding brings Theta Lake’s total raised to $17 million since its inception in 2018. The company says it will use the new capital to build out its engineering and go-to-market teams as it looks to expand its customer base beyond the U.S.
Theta Lake’s compliance automation platform is designed to help organizations record, store, and review all communications across Zoom and Slack. The platform includes features like automatic transcription, theta lake zoom slack battery venturesalspachventurebeat search, and redaction that make it easier for organizations to comply with regulations like GDPR, HIPAA, and SEC.
The company has seen strong demand for its platform amid the COVID-19 pandemic as more organizations move to remote work and need to ensure their communications are compliant with regulations. Theta Lake says its platform is now used by over 500 organizations, including Fortune 500 companies, startups, and non-profits.
“The pandemic has forced every company to become a digital company, which has in turn increased the need for compliance with regulations like GDPR, HIPAA, and SEC,” said Theta Lake CEO and co-founder Jim Scheel. “Theta Lake provides the compliance automation tools that companies need to ensure their communications are compliant with these regulations.”
Theta Lake is one of a number of startups that have raised funding to help organizations automate their compliance with regulations. Others include Smarsh, which raised $50 million in a series F funding round in September, and compliance software provider MetaCompliance, which raised $8 million in a series A funding round in August.
2. Theta Lake: A Zoom Battery Venturesalspachventurebeat
Theta Lake is a secure communications platform that helps organizations comply with modern compliance and security requirements, like GDPR and HIPAA. Theta Lake’s Zoom integration brings secure video conferencing to Theta Lake’s secure communications platform, making it easy for organizations to meet GDPR and HIPAA requirements.
The Theta Lake Zoom integration is now available in the Theta Lake app. The Theta Lake app is available for download on the App Store and Google Play.
3. Theta Lake: A Zoom Battery Venturesalspachventurebeat
Theta Lake, a provider of compliance automation solutions for the enterprise, announced today that it has raised $12 million in a Series A funding round led by Battery Ventures.
The company, which was founded in 2016, says that its platform uses artificial intelligence (AI) and machine learning to help organizations automate the process of compliance with regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).
Theta Lake says that its platform can be used to automate the compliance process for a variety of different types of data, including email, chat, and video.
The company says that its platform is used by organizations in a variety of industries, including financial services, healthcare, and education.
Theta Lake says that it will use the funding to expand its sales and marketing efforts, and to continue to invest in its technology platform.
Battery Ventures general partner Michael Brown said in a statement that Theta Lake is “well-positioned to help companies automate the compliance process.”
“The company has built a strong platform that uses AI and machine learning to help organizations compliance with an ever-growing number of regulations,” Brown said.
Theta Lake CEO Andrew Cruz said in a statement that the company is “thrilled” to have Battery Ventures as an investor.
“This funding will allow us to continue to invest in our technology platform and expand our sales and marketing efforts so that we can help more organizations automate the compliance process,” Cruz said.
4. Theta Lake: A Zoom Battery Venturesalspachventurebeat
Theta Lake, a startup that provides compliance automation for Zoom and Slack, has raised $12 million in a Series A funding round led by Battery Ventures.
The company will use the new funding to expand its sales and marketing efforts, as well as to develop new features for its platform.
Theta Lake was founded in 2016 by CEO Andrew Schultz and President Brad Brooks. The company’s software is designed to help organizations automate the compliance process for Zoom and Slack.
The software provides a number of features, including the ability to record and store Zoom and Slack conversations, as well as to generate transcripts and reports.
Theta Lake is based in San Francisco and has raised a total of $15 million in funding.
Theta Lake, a startup that provides compliance automation for Zoom and Slack, has raised $12 million in a Series A funding round led by Battery Ventures.
The company will use the new funding to expand its engineering and sales teams, as well as to double down on research and development of its AI-powered compliance platform.
Theta Lake was founded in 2016 by CEO Ralph Rosenberg and President Tim Alspach. Rosenberg is a former executive at WebEx and Alspach is a veteran of the compliance industry.
The company’s compliance platform is designed to help organizations automate the discovery, analysis, and remediation of compliance risks across Zoom and Slack.
The platform uses AI to analyze data from Zoom and Slack, identify compliance risks, and provide recommendations for remediation.
Theta Lake is headquartered in San Francisco, CA and has raised $17 million to date.
Theta Lake is a security solution for Zoom that provides “military-grade” encryption for video and audio calls, according to the company. The software is designed to be used by large enterprises and government organizations that need to ensure their calls are secure.
The software uses a “key exchange” system to encrypt calls, which means that each call is encrypted with a unique key. The key is then destroyed after the call is over, making it impossible to decrypt the call.
The software also includes a “self-destruct” feature, which will delete the recording of a call if it is tampered with or if the key is compromised.
Theta Lake is currently available for Zoom’s desktop and mobile apps, and the company plans to add support for other platforms in the future.
Battery Ventures led Theta Lake’s $12 million Series A funding round, with participation from Alsop Louie Partners, Costanoa Ventures, and Slack Fund. The company plans to use the funding to grow its team and expand its product.
Theta Lake, a startup that provides compliance automation for Zoom and Slack, has raised $12 million in series A funding. The round was led by Battery Ventures, with participation from Alsop Louie Partners, GV (formerly Google Ventures), and Uncork Capital.
Theta Lake was founded in 2017 by former Google and Palantir employees. The company is headquartered in San Francisco and has raised a total of $17.5 million to date.
Theta Lake’s compliance automation software integrates with Zoom and Slack to provide users with a record of all communications, as well as the ability to set retention periods and delete messages. The software also offers real-time alerts for potential compliance violations.
The company says that its software is used by customers in a variety of industries, including financial services, healthcare, and government.
The funding will be used to scale Theta Lake’s sales and marketing efforts, as well as to invest in research and development. The company plans to launch a new product later this year.
Theta Lake is one of a number of startups that have raised funding to provide compliance solutions for enterprise software platforms. Others include Smarsh, which raised $50 million in 2018, and compliance.ai, which raised $4 million in seed funding last year.see more
