Theta Lake is a provider of patented compliance and security platforms for modern collaboration.
Theta Lake helps enterprises manage compliance and security risks for modern communications like video conferencing, team chat, and collaboration tools.
Theta Lake was founded in 2017 by Devin Redmond and Rich Sutton. The company is headquartered in Santa Barbara, California.
Theta Lake's solution is deeply integrated with major collaboration platforms such as Zoom, Microsoft Teams, Slack and Cisco Webex, and offers a number of first-to-market capabilities, including around detection of risks in video and voice communications.
Theta Lake’s product offers both archiving of content from the use of collaboration apps, and security and data protection features for communications on those platforms. Security features include detection of sensitive information that has been shared onscreen in a video meeting, or verbally during an online meeting.
Theta Lake currently has more than 50 customers from industries including financial services, government, healthcare, tech and manufacturing. Notable customers include Wells Fargo, TD Securities, Advisor Group, Longview Partners, Attivo Group, Reeves Independent and Tupicoffs.
Theta Lake is backed by Battery Ventures, Lightspeed Venture Partners, Cisco Investments, RingCentral Ventures, Neotribe Ventures, Firebolt Ventures, Salesforce Ventures, Zoom, WestWave Capital, and others. The company raised $50M in Series B round on Mar 23, 2022. This brings Theta Lake's total funding to $67.7M to date.