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Theta Lake

Theta Lake

Private
Santa Barbara, CaliforniaCybersecurityhttps://thetalake.com

Last Round

Series B

Mar 23, 2022

Total Funding Raised

$70M

Momentum

Top 10%

of companies Caplight tracks

Company Overview

Theta Lake operates in Cybersecurity and is based in Santa Barbara, California. Its latest recorded funding round was a Series B round in March 2022.

Theta Lake is a software company that provides an AI-powered compliance and security platform for modern digital communication and collaboration tools.

Sector

Cybersecurity

Verticals

Compliance & Risk, RegTech, Enterprise Communication, Data Governance, Cloud Security

Business Model

B2B

Customer Profile

Subscription SaaS

AI Layer

Application

Historical Pricing

Historical view of private secondary pricing and transaction trends.

Pricing history

Caplight clients see full MarketPrice™ history and secondary transactions.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

Momentum history

Caplight clients track how buyer interest and sentiment change over time.

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Theta Lake Comparables

Compare Theta Lake with similar companies based on industry and business-model similarity.

Theta Lake comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Shield
84%
MirrorWeb
84%
Behavox
81%
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Theta Lake Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series BMar 23, 2022
AcceleratorJun 29, 2021
Series AOct 27, 2020
SeedJan 15, 2019
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Key People

Founding team and executive leadership

Rich Sutton

Co-Founder And CTO

Founding Team

Devin Redmond

Co-Founder CEO

Founding Team

Dan Nadir

Chief Product Officer

Executive Team

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Theta Lake Investors

Notable investors and investment history

Theta Lake investors
InvestorRounds
Wells Fargo Startup AcceleratorAccelerator
Salesforce VenturesSeries B
WestWave CapitalSeed, Series A
Battery VenturesSeries B
Firebolt VenturesSeed, Series A
RingCentral VenturesSeries B
Cisco InvestmentsSeries B, Series A
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Market signals

Structured signals derived from secondary market and firmographic data.

  • May 1, 2026

    Received 5/5 stars and 100% 'Would Recommend' rating on Gartner Peer Insights.

  • May 1, 2026

    Six of the top 10 North American banks are now customers.

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Recent news

Latest coverage and updates

  • recognized_asNov 3, 2026

    Gartner recognizes Theta Lake, Inc. as a Leader and Furthest in Vision among 16 evaluated vendors in its 2026 Magic Quadrant for Digital Communications Governance and Archiving Solutions, and ranks it #1 in six of seven use cases, including AI Communications Governance, in California on Nov 3rd '26.

  • recognized_asNov 3, 2026

    On Nov 3rd '26 in California, Gartner(R) ranks Theta Lake, Inc. #1 in 6 of 7 Use Cases in the Gartner(R) Critical Capabilities for Digital Communications Governance and Archiving.

  • recognized_asNov 3, 2026

    Gartner recognizes Theta Lake, Inc. as a Leader in its 2026 Magic Quadrant for Digital Communications Governance and Archiving Solutions, positioning it Furthest in Vision among 16 evaluated vendors in California on Nov 3rd '26.

  • attends_eventNov 2, 2026

    Theta Lake, Inc. attends Fal.Con Europe from Nov 2nd to Nov 4th '26 at booth #710 to discuss its integration with CrowdStrike Falcon Guardian.

  • recognized_asOct 20, 2026

    Fortune recognizes Theta Lake, Inc. as a Fortune Cyber 60 security leader on Mar 24th '26 in California, while the company scores highest across five of six use cases in the 2025 Gartner Critical Capabilities for Digital Communications Governance and Archiving Solutions.

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Theta Lake Filings

Explore SEC and related filing metadata, where available.

Theta Lake filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Theta Lake's valuation, stock price, and market status.

Is Theta Lake a public or private company?

Theta Lake is a private company.

What is the current stock price of Theta Lake?

Theta Lake is a private company, so its shares have no public market price. Caplight tracks Theta Lake's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.

How much is Theta Lake worth (valuation)?

Valuation information for Theta Lake is not publicly available.

Can I buy Theta Lake stock?

Theta Lake shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.

When was Theta Lake's last funding round?

Theta Lake's most recent funding round was Series B on March 23, 2022.

Who are the main investors in Theta Lake?

Key investors in Theta Lake include Battery Ventures, Neotribe Ventures, Lightspeed Venture Partners.

Will Theta Lake IPO soon?

No public IPO plans have been announced for Theta Lake.

How can I track Theta Lake secondary market activity?

Caplight tracks bids, offers, and trades in Theta Lake's shares on secondary markets.

Firmographic Details

HeadquartersSanta Barbara, California
Employee Range87
Year Founded2017
Last FundingMar 23, 2022

Institutional Data Access

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