Todyl
Overview
Todyl is a cybersecurity company established in 2015, specializing in providing a comprehensive security platform for small and medium-sized businesses (SMBs). The company is headquartered in Denver, Colorado, and was founded by James Pellizzi, John Nellen III, Chris Weibel, and Darrin Swan. Todyl has raised approximately $83.9 million over several funding rounds, with significant investments from Base10 Partners, Anthos Capital, and others, highlighting its growth and potential in the cybersecurity sector. The company's mission revolves around offering a cloud-native, single-agent platform that integrates various security solutions to protect against evolving cyber threats.
Recent Developments
- March 2024: Todyl announced a $50 million Series B funding round led by Base10 Partners, with participation from Anthos Capital, Tech Operators, and StoneMill Ventures. This investment is aimed at enhancing its all-in-one security platform and expanding its global presence. The funds will be used to grow the company's team, open new office locations, and accelerate platform development through engineering investments.
- The Series B funding brings Todyl’s total funding to $83.9 million.
- Todyl has added the Security Orchestration, Automation & Response (SOAR) module to its platform, empowering businesses to execute rapid, automated response actions across endpoints and Microsoft 365.
- The company launched a revamped partner program in September 2024 to enhance the capabilities of Managed Service Providers (MSPs). The program includes detailed support through assigned customer success, account, and security managers to help partners scale their businesses and enhance security capabilities.
- Todyl has been hiring significantly, aiming to increase staff by about 10 employees per month, bolstering its talent pool for enhanced platform capabilities and support.
- Austin McChord, founder and former CEO of Datto, joined Todyl's Advisory Board, bringing in substantial industry expertise that can steer the company’s growth and strategic initiatives.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2015 |
| Headquarters | Denver, Colorado |
| Founders | James Pellizzi, John Nellen III, Chris Weibel, Darrin Swan |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Base10 Partners, Anthos Capital, StoneMill Ventures, TechOperators |
| Industry | Cybersecurity |
| Number of Employees | Approximately 120 as of 2024 |
Early History
Todyl was founded in 2015 with a vision to revolutionize cybersecurity for SMBs, a segment often underserved in the cybersecurity market. The founders, leveraging their collective expertise in technology and security, focused on creating an integrative platform that simplifies complex networking and cybersecurity needs into a single solution. Todyl's initial creation was driven by the realization that traditional cybersecurity solutions were too cumbersome and costly for smaller businesses. The company quickly gained traction for its unified security approach that reduces operational overhead and enhances protection mechanisms. Since its inception, Todyl has expanded its offerings to include a range of security solutions like SIEM, SASE, and endpoint security.
Company Profile and Achievements
- Business Model: Todyl operates primarily through a channel model, empowering MSPs with its comprehensive security platform. This allows partners to deliver top-tier security services to their clients, enhancing scalability and integration.
- Major Achievements:
- Successfully closed multiple funding rounds, with the latest Series B in 2024 raising $50 million.
- Expanded its global reach and increased workforce to support growing platform demands and partner needs.
- Developed an all-in-one platform that combines Secure Access Service Edge (SASE), Security Information & Event Management (SIEM), and Extended Detection and Response (XDR), among other modules.
- Launched a revamped partner program to provide MSPs with dedicated resources and strategic support.
- Continues to innovate within the cybersecurity landscape, having added new functionalities like SOAR to its platform, ensuring rapid and automated threat response.
Current Operations and Market Position
Todyl's platform is designed to help businesses manage network security with a cloud-first approach, integrating multiple security functions under a single architecture. This model allows SMBs to have enterprise-level security capabilities without the hefty costs typically associated with such solutions. Todyl stands out in the cybersecurity sector by focusing on an underserved market segment, SMBs, providing them with tools that offer robust protection and ease of use. The company's strategic partnerships and continuous platform enhancements underscore its commitment to maintaining a competitive edge. Todyl's investment in employee growth and global expansion further positions it as a significant player in cybersecurity for SMBs.
Conclusion
Todyl plays a crucial role in the cybersecurity industry by delivering a comprehensive, integrative platform that caters specifically to small and medium-sized businesses. Through continuous innovation and strategic partnerships, it ensures that its clients are equipped to handle modern cyber threats effectively. As it moves forward, Todyl's focus on expanding its global footprint and enhancing its platform capabilities will likely strengthen its market position and growth trajectory, potentially setting new benchmarks in cybersecurity solutions for SMBs.