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Theta Lake is a Saas-based security platform that provides content and conversation analytics for collaboration apps, allowing organizations to reduce their legal, operational, and reputational risks associated with remote work. Their artificial intelligence-based solution is designed to detect security and compliance issues in various workplaces, including financial services firms, healthcare organizations and educational institutions.
Based in San Francisco, California, Theta Lake was founded in 2018 by CEO Alex Cabañas as an enterprise SaaS company to focus on automatically protecting organizations from data leakage, policy violations and security threats. The company utilizes AI-driven visual analytics that assesses objects within conversations and chat messages in applications such as Microsoft 365, Slack Teams, Skype for Business/Teams and Zoom. Moreover, the software allows IT admins’ visibility into the organization’s third-party app adoption rate and user activity.
In April 2021 Theta Lake announced a $50 million funding round led by Aspect Ventures with participation from existing investors Emergence Capital and Sorenson Ventures among others. With this investment the company hopes to accelerate product innovation and further expand its go-to market efforts across industries already taking advantage of their technology solution such as pharma companies Biogen & Novartis or public companies Aspen Insurance & LogMeIn.
Theta Lake, a developer of security and compliance software for collaboration apps, recently announced the closure of its $50 million investment round. This cash infusion will help the company expand their product offering and customer base.
Theta Lake, a developer of security and compliance software for collaboration apps, recently announced the closure of its $50 million investment round. This cash infusion will help the company expand their product offering and customer base.
Theta Lake is a software provider that focuses on providing data integrity and teams with must-have security technologies for collaboration platforms such as Slack, Microsoft Teams, Google Hangouts and Zoom. The company was launched in 2019 and helps organizations use their existing applications more securely with data protection that runs concurrently with these applications. Theta Lakes’ mission is to ensure compliance when digital communication happens inside an organization into cloud storage systems like Box or Dropbox.
The platform includes capabilities such as automated record retention policies that enable users to comply with data privacy regulations such as HIPAA/HITECH (Healthcare) or GDPR (Europe). It also allows team collaboration following other corporate policies like financial services regulations (FINRA). In addition, Theta Lake provides artificial intelligence (AI) powered eDiscovery capabilities for faster search and insights into cloud storage content for enterprises such as legal departments responsible for finding relevant documents quickly in case of investigations or disputes.
The software is designed from the ground up to enable secure team collaboration while still meeting regulatory requirements by ensuring data integrity through controls such as encryption-at-rest, watermarking and other powerful features which flag potentially inappropriate content. Theta Lakes’ award-winning platform replaces manual processes to provide complete governance over user conversations across multiple channels to ensure regulatory compliance today and throughout the future of digital transformation.
Theta Lake, a security and compliance software developer for collaboration apps, has raised $50M. Their security software allows businesses to easily secure their collaboration apps, such as Slack and Microsoft Teams. In this section, we will explore the different security features that Theta Lake offers and how they can help businesses stay secure and compliant.
Theta Lake is a Saas-based security platform that provides content and conversation analytics for collaboration apps, allowing organizations to reduce their legal, operational, and reputational risks associated with remote work.
Theta Lake’s automated risk detection technology helps organizations ensure user data remains secure by detecting any security or compliance risk—inappropriate language in messages, a compromised account, or unrecognized file sharing activities. Integrating machine learning capabilities provides real-time detection and prevention to keep organizations safe from any potential risks. The technology also helps organizations manage document retention policies and adherence to compliance in collaboration applications like Slack and Microsoft Teams.
