Dropzone AI closes $37M Series B round

Dropzone AI, a network security technology startup, has captured $37 million in Series B capital from investors to aid the further development of its offering for what is often called agentic artificial intelligence.

Founded in 2023 by Edward Wu, Dropzone AI designed its AI security agents to act as virtual assistants for cyber professionals in the triaging and investigation of security incidents. The company markets the offering as an “AI SOC analyst” that uses large language models in how it probes networks and alerts humans to review alerts.

In other words, Dropzone AI seeks to replicate the techniques and thought processes of analysts in covering more ground across computer networks.

Theory Ventures led the Series B round announced Monday. This also marks the continued involvement of In-Q-Tel, the intelligence community’s venture capital arm for investing in young technology companies.

IQT also participated in Dropzone AI’s $16.85 million Series A round that closed in the spring of 2024 and was led by Theory Ventures as well. Other Series B participants included Decibel Ventures, Madrona and Pioneer Square Labs.

“We’re driving a generational shift in cybersecurity from manpower-bound, alert-chasing SOC teams to SOC teams backed by an army of autonomous AI agents that get to focus on what truly matters,” Wu said in a release. “This change is not optional; it’s essential. We exist to level the playing field for cyber defenders, and we can field these next-generation capabilities right now.”

Seattle-headquartered Dropzone AI has three main priority areas for where it plans to deploy the new capital. The company will seek to grow its sales, marketing and customer success teams as a way to complement its security professionals.

Priority number two centers around technology development, where Dropzone AI will work to fast-track the creation of more specialized autonomous AI agents for manual security tasks.

Dropzone AI’s third pillar for the new investment is to further expand its network of ecosystem partnerships and technical integrations.