Security Operations Firm Red Canary Raises $81M To Grow R&D The Series C funding round led by Summit Partners will support Red Canary’s continued investment in both product and team expansion as the company works to fulfill rapidly growing customer demand. By Michael Novinson February 17, 2021, 07:30 AM EST Red Canary has closed an $81 million funding round to grow its sales and marketing teams and support continued platform expansion with new SaaS offerings. The Denver-based security operations vendor said the Series C funding will support continued investment in both product and team expansion as Red Canary works to fulfill rapidly growing customer demand. The round was led by global growth equity investor Summit Partners, and brings Red Canary to more than $125 million of outside funding raised since being founded eight years ago.