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§ Private Profile · Santa Barbara, CA, USA
Theta Lake is a technology company.
Theta Lake provides a compliance and security platform for modern unified communications. Its core product offers unified capture, archiving, and intelligent supervision for video, voice, and chat. Leveraging AI and machine learning, the platform proactively identifies and mitigates regulatory, privacy, and cybersecurity risks. It integrates with numerous collaboration tools, enabling organizations to maintain compliance across digital channels.
Founded in 2017 by Devin Redmond, Rich Sutton, and Anthony J Cresci, Theta Lake emerged from the founders' insight into modern collaboration's compliance challenges. They recognized a need for a specialized solution to manage dynamic risks in platforms like video conferencing and team chat, as traditional archiving proved insufficient for these evolving modalities.
Theta Lake serves diverse sectors including financial services, healthcare, government, and education. Its platform enables organizations to leverage modern communication tools while meeting strict regulatory standards. The company's vision is to lead digital communications governance, fostering secure, compliant collaboration in complex regulatory environments.
Theta Lake has raised $68.0M across 3 funding rounds.
Theta Lake has raised $68.0M in total across 3 funding rounds.
Theta Lake has raised $68.0M across 3 funding rounds. Most recently, it raised $50.0M Series B in March 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2022 | $50M Series B | Battery Ventures | Accel, Cyberstarts VC, First Rays Venture Partners, Harpoon, Lightspeed Venture Partners, Neotribe Ventures, Scheinman Angel Fund, Sorenson Ventures, SV Angel, Thomvest Ventures, UpWest, WestWave Capital, Ariel Maislos, Michael FEY, Sriram Ramachandran, Abhay Kulkarni, Kira Makagon, Eran Agrios, Oded GAL | Announced |
| Oct 1, 2020 | $13M Series A | Lightspeed Venture Partners | Accel, Harpoon, Inovia Capital, Scheinman Angel Fund, Sorenson Ventures, SV Angel, Thomvest Ventures, UpWest, WestWave Capital, Thomas Noonan, Abhay Kulkarni, Firebolt Ventures, Neotribe Ventures | Announced |
| Jan 1, 2019 | $5M Seed | Firebolt Ventures, Swaroop Kolluri | Inovia Capital, WestWave Capital, Thomas Noonan | Announced |
Theta Lake is a technology company specializing in AI-powered compliance and security solutions for modern digital communication and collaboration platforms. It builds a cloud-native platform that leverages machine learning (ML), deep learning (DL), and natural language processing (NLP) to capture, archive, detect, and remediate risks across video, voice, chat, email, and other unified communication content. Its products serve regulated enterprises and organizations that need to ensure compliance with corporate policies and regulatory requirements while using collaboration tools like Microsoft Teams, Zoom, Cisco Webex, Slack, and others. Theta Lake’s platform simplifies supervision workflows, reduces compliance review time, and enhances risk detection, enabling organizations to safely unlock the full potential of unified communications[1][2][3].
Theta Lake was founded by a team with expertise in compliance, security, and AI technologies, although specific founders' names are not detailed in the available sources. The idea emerged from the growing need to address compliance and security challenges in the increasingly digital and distributed workplace, where communication happens across multiple modalities and platforms. Early traction came from integrating with leading unified communication providers and delivering patented AI-driven solutions that automate risk detection and remediation, setting a new standard for digital communications governance[1][2].
Theta Lake rides the wave of digital transformation and the rapid adoption of unified communication and collaboration (UCC) tools in enterprises. As remote and hybrid work models become standard, organizations face heightened regulatory scrutiny and increased risk exposure from multi-modal digital communications. Theta Lake’s timing is critical as it addresses the market need for automated, AI-driven compliance and security solutions that can handle the volume and complexity of modern communications. Its technology supports regulatory compliance, risk mitigation, and operational efficiency, influencing how enterprises govern digital interactions and setting a precedent for AI-assisted supervision in the collaboration space[2][6].
Looking ahead, Theta Lake is poised to expand its influence by deepening AI capabilities to handle emerging communication formats, including AI-generated content, and by broadening integrations with new collaboration platforms. Trends such as increased regulatory focus on digital communications, the rise of AI in workplace interactions, and the growing complexity of compliance requirements will shape its journey. Theta Lake’s continued innovation in proactive risk detection and remediation will likely make it a cornerstone technology for enterprises seeking to balance collaboration agility with governance and security. Its role will evolve from compliance enabler to strategic partner in digital communication governance[1][9].
Theta Lake has raised $68.0M in total across 3 funding rounds.
Theta Lake's investors include Battery Ventures, Accel, Cyberstarts VC, First Rays Venture Partners, Harpoon, Lightspeed Venture Partners, Neotribe Ventures, Scheinman Angel Fund, Sorenson Ventures, SV Angel, Thomvest Ventures, UpWest.