Tech
Lightspeed Venture Partners backs Theta Lake’s video conferencing security tech with $12.7 million
Theta Lake, a provider of compliance and security tools for conferencing software like Cisco Webex, Microsoft Teams, RingCentral, Zoom and others, said it has raised $12.7 million in a new round of funding.
Lightspeed Venture Partners led the round with commitments from Cisco Investments, angel investors from the collaboration and security space, and previous investors, Neotribe Ventures, Firebolt Ventures and WestWave Capital, the company said.
The company’s financing comes as the COVID-19 pandemic has created a surge of demand for remote work conferencing technologies — and services that can ensure the security of those communications.
Citing a Research and Markets report, the company estimates that the market will grow from $8.9 billion in 2019 to $23 billion by the end of this year.
Theta Lake said that the funding would be used to increase its sales and marketing capabilities and for research and development on new product features, according to a statement.
The company’s tech already uses machine learning to detect security risks in video, visual, voice, chat and document content shared over video and collaboration tools.
As a result of its investment, Arif Janmohamed, a partner at Lightspeed Venture Partners, will join the Theta Lake Board of Directors, the company said.
“The need for security and compliance solutions that fully cover modern collaboration tools should be obvious to everyone,” said Devin Redmond, Theta Lake’s co-founder and chief executive, in a statement. “That need pre-existed the pandemic, but now is more pressing than ever. The shift from physical work sites and employer-owned networks with tightly managed devices and applications, to a distributed workplace that lives inside your collaboration tools means organizations need new security and compliance coverage that lives inside that new workplace.”
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When you’re ready to turn in for the night, you don’t want to forget to charge your phone— especially if your mobile device doubles as your alarm clock.
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You can snag the black version for $20 using the same code—no coupon though, sorry.
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Best Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F
It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.
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Tech
Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum
Best Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy
Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy
Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.
You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.
It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!
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Charge Your Phone Wirelessly With 50% off a Multifunctional LED Lamp
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