MOUNTAIN VIEW, Calif., Oct. 11, 2022 — Stairwell announced a USD 45M Series B investment today by Stairwell, a firm that equips security teams to outwit any attacker. Section 32 served as the lead investor in the capital round. Sequoia Capital, Accel, Lux Capital, Gradient Ventures, and angel investors Eric Schmidt and Michael Ovitz also contributed. As it works to develop its flagship product, Inception, to become the most potent continuous intelligence, detection, and response solution available, Stairwell has now raised a total of USD 69.5 million to date.
Mike Wiacek, the company’s founder, and CEO:
“Daily vulnerabilities are found, therefore continual threat hunting, monitoring, and reaction are required for round-the-clock enterprise security activities by capturing, storing, and analyzing every executable file in an organization’s environment.
This Series B reflects investors’ confidence in Inception and Stairwell’s aim to empower security teams to regain control of their data and remain one step ahead of even the most sophisticated attackers,” according to the company.
This assistance will significantly aid the growth of Stairwell’s team. Stairwell has boosted its headcount by 100% since the Series B round closed, and it expects to hire a sizable number of new people this year. Specialized engineers will be among the new personnel who will increase the usefulness of Inception as a whole. The company has hired Eric Byrd as Head of Enterprise Sales and Brian Lee as Vice President of Marketing, respectively.
“The best thing you can have as a marketer is a solid business and product. I was initially drawn to Stairwell because of that, “said Lee. “We have a unique, cutting-edge product in a market with increasing relevance. Powerful company momentum, elite investors, and our team’s excellent pedigree are also included. I knew I had to play a role in this company’s future as Vice President of Marketing from the moment I spoke with Mike Wiacek.”
Byrd comes from Red Canary, where he oversaw a group of Senior Enterprise Account Executives who secured new clients for security products throughout the Northeast and Southeast United States. Byrd will manage the sales staff at Stairwell in locating the company’s upcoming clients, who will work with it to advance their security objectives significantly.
Because of the fantastic teams I’ve had the privilege of working with, Byrd said, “I’ve learned what it takes to develop a successful security organization that continues to improve its capabilities for customers as you grow.” Understanding what top security teams demand from their partners has equipped me to provide Stairwell’s clients with excellent service so they can elevate their security teams to new heights.
Stairwell provides businesses with impenetrable security systems. Its Inception platform equips security teams to outwit any attacker by offering continuous intelligence, detection, and response. Several Fortune 500 organizations use the Inception platform. Leaders in the security sector and Google engineers make up Stairwell, which has funding from Sequoia Capital, Accel, Section 32, Lux Capital, and Gradient Ventures.
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