About Theta Lake
Theta Lake is a company based in San Mateo (United States) founded in 2017 by Anthony J Cresci, Rich Sutton, and Devin Redmond.. Theta Lake has raised $67.7 million across 4 funding rounds from investors including RingCentral, Zoom and Lightspeed Venture Partners. Theta Lake offers products and services including Unified Capture, Unified Search, and Proactive Compliance. Theta Lake operates in a competitive market with competitors including Kiteworks, Smarsh, Duco, PerformLine and Solidatus, among others.
- Headquarter San Mateo, United States
- Founders Anthony J Cresci, Rich Sutton, Devin Redmond
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Sectors
Financial ServicesTechnology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$67.7 M (USD)
in 4 rounds
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Latest Funding Round
$50 M (USD), Series B
Mar 23, 2022
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Investors
RingCentral
& 9 more
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Employee Count
Employee Count
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Products & Services of Theta Lake
Theta Lake offers a comprehensive portfolio of products and services, including Unified Capture, Unified Search, and Proactive Compliance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Captures and archives communications for regulatory compliance.
Enables searching and replaying of archived communications.
Detects risks using AI to prevent compliance issues.
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Funding Insights of Theta Lake
Theta Lake has successfully raised a total of $67.7M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $50.0M
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First Round
First Round
(15 Jan 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series B - Theta Lake | Valuation | Battery Ventures | |
| Jun, 2021 | Amount | Series A - Theta Lake | Valuation |
investors |
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| Oct, 2020 | Amount | Series A - Theta Lake | Valuation | Lightspeed Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Theta Lake
Theta Lake has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include RingCentral, Zoom and Lightspeed Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Theta Lake
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Theta Lake
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Theta Lake Comparisons
Competitors of Theta Lake
Theta Lake operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kiteworks, Smarsh, Duco, PerformLine and Solidatus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based data security and privacy solutions are delivered.
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| domain | founded_year | HQ Location |
Compliance management solutions for financial institutions' communications are provided.
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| domain | founded_year | HQ Location |
SAAS reconciliation solutions are delivered for financial services firms.
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| domain | founded_year | HQ Location |
Cloud-based data warehouse is utilized for financial compliance monitoring.
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| domain | founded_year | HQ Location |
Cloud-based platform for enterprise data management is provided.
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| domain | founded_year | HQ Location |
Compliance management solutions for banks are developed and provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Theta Lake
Frequently Asked Questions about Theta Lake
When was Theta Lake founded?
Theta Lake was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Theta Lake located?
Theta Lake is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Who is the current CEO of Theta Lake?
Devin Redmond is the current CEO of Theta Lake. They have also founded this company.
Is Theta Lake a funded company?
Theta Lake is a funded company, having raised a total of $67.7M across 4 funding rounds to date. The company's 1st funding round was a Series A of $12.7M, raised on Jan 15, 2019.
What does Theta Lake do?
Theta Lake was founded in 2017 in San Mateo, United States, focusing on the compliance technology sector. AI-driven tools are utilized to identify risks in video collaboration, call recordings, video marketing, and social video platforms. Operations center on automated detection of regulatory and policy issues. Products such as Compliance for risk assessment and RingCentral Glip Archiver for archiving support are offered to address these needs.
Who are the top competitors of Theta Lake?
What products or services does Theta Lake offer?
Theta Lake offers Unified Capture, Unified Search, and Proactive Compliance.
Who are Theta Lake's investors?
Theta Lake has 10 investors. Key investors include RingCentral, Zoom, Lightspeed Venture Partners, Cisco Investments, and Battery Ventures.