The cybersecurity and networking company Todyl, which caters to SMBs, has secured US$50 million in Series B fundraising, with Base10 Partners providing the lead investment. StoneMill Ventures, Tech Operators, and Anthos Capital are among the other investors.

Todyl is better positioned to transform cybersecurity for SMBs with its all-in-one integrated platform, which is intended to provide company professionals with the tools, analytics, and automation they need to protect against constantly evolving threats, now that company has obtained additional investment.

Todyl: Fulfilling SMB security requirements

SMBs are vulnerable to sophisticated cyberthreats nowadays, as hackers have greater technological means than ever before to carry out malevolent assaults on companies that are generally underserved by the cybersecurity industry.

While the majority of large organizations have strong financial and operational security measures in place, SMBs either have lower priority for these measures or are not as conscious of the growing risk of a cyberattack.

SMBs are now easier targets for fraudsters because they may launch smaller but more effective assaults on these companies while big organizations have increased their cybersecurity measures.

"Small and medium businesses are facing sophisticated cyber threats at an unprecedented frequency," says John Nellen, the founder and CEO of Todyl. Large corporations still possess the tools needed to defend against adversaries and strategies that are always evolving due to their cost and complexity.

Our ground-breaking technology, which prioritizes the cloud, creates fair competition for companies of all kinds. Our platform was designed with the specific intention of utilizing a single agent to provide the functionalities of multiple-point solutions.

"IT professionals can effectively prevent, detect, and respond to modern threats across their entire environment—SaaS, cloud, data center, office, and remote—thanks to its easy-to-use, affordable, and modular design."

What SMBs Get from Partnering with Todyl Todyl's all-in-one cybersecurity platform combines every facet of what businesses need to know about cybersecurity.

This comprises the following modules: Managed eXtended Detection & Response (MXDR), Endpoint Security (EDR/NGAV), Security Orchestration, Automation & Response (SOAR), Secure Access Service Edge (SASE), Security Information & Event Management (SIEM), and Governance, Risk & Compliance (GRC).

Businesses may now conduct quick, automated reaction actions across endpoints and Microsoft 365 with the help of its SOAR integration.

Todyl anticipates that this recently added module will operate as a launching pad for other integrations in the future to help companies with automation, orchestration, and response measures to promptly handle threats.

The current money provided by the cybersecurity firm will, in fact, aid in the creation of additional security modules that Todyl can incorporate into its all-in-one platform.

"We got excited about Todyl because it has positioned itself as a credible security leader on the same plane as CrowdStrike and others," says Jason Kong, a partner at Base10 Partners, the lead investor.

"Todyl has shown that it is becoming into a significant and respectable substitute for several of the market leaders.

"We've been reminded of Palo Alto Networks by the company's growth and vision, but for an SMB segment that the cybersecurity market has largely ignored up until now."