#United States #Cybersecurity #Denver #threat detection #Red Canary

Red Canary Celebrates Record Q3 with 99% Threat Accuracy

In a remarkable showcase of growth and innovation, Red Canary, a prominent player in the managed detection and response (MDR) sector, has announced extraordinary results for the third quarter of fiscal year 2025. The company has achieved positive operating margins for the first time in its history, setting a new benchmark for success in the competitive cybersecurity landscape.

Key Highlights of Q3 FY25

This quarter, Red Canary experienced over 50% growth year-over-year, primarily fueled by strong demand for identity and cloud threat protection among large enterprises. As cyber threats intensify, organizations across diverse sectors are increasingly turning to Red Canary for its exceptional detection and response capabilities across various attack surfaces, including endpoints, identities, and cloud platforms.

Innovations Driving Growth

Red Canary is not just riding the wave of increased demand; the company is also investing in cutting-edge innovations to enhance its service offerings. Recent product advancements include:

• - GenAI Agent Flows: These smart flows have accelerated threat investigations and response times, achieving over 60% faster mean time to investigate. This improvement enables customers to swiftly and effectively address threats with Red Canary investigations.
• - Security Data Lake: This cost-efficient storage solution facilitates long-term log retention and enhances search and MDR capabilities, ultimately solidifying the security posture of customers.
• - Trend Micro Vision One Integration: Expanded endpoint integrations offer a robust EDR solution that incorporates extensive telemetry and advanced threat hunting capabilities.
• - Managed XSIAM: Powered by AI, this new managed service integrates Red Canary's analytics into Palo Alto Networks Cortex XSIAM, delivering exceptional security operations.

Achievements and Milestones

Beyond innovative products, Red Canary achieved several key milestones in Q3 FY25:

• - Record-breaking New Business Bookings: The company experienced the best Q3 to date for new business bookings, reflecting its strong market position and customer trust.
• - Leadership Appointment: Todd Chronert has been appointed as Chief Revenue Officer, bringing nearly two decades of cybersecurity experience to spearhead global sales and business development efforts.
• - Threat Detection Report Update: A comprehensive midyear update to their 2024 Threat Detection Report provided valuable insights into trending threats and techniques, keeping organizations informed and prepared.
• - G2 Customer Recognition: Red Canary earned five badges in G2's Fall 2024 report, notably for the Fastest Implementation in MDR.

A Commitment to Customer-Centric Solutions

Brian Beyer, CEO of Red Canary, emphasized the company's mission, stating, "Our growth comes from listening to our customers and delivering solutions that solve their biggest challenges." This customer-centric approach underscores Red Canary's commitment to being more than just a service provider; rather, it aims to be a trusted partner, ensuring organizations can focus on their core missions while Red Canary addresses the complexities of cybersecurity.

As Red Canary continues to expand its reach and innovate within the cybersecurity field, it remains dedicated to maintaining its high standards of service and support, ensuring that customers are equipped to navigate the shifting landscape of cyber threats effectively.

About Red Canary

Red Canary is a frontrunner in managed detection and response. Catering to organizations of all sizes and industries, the company is dedicated to detecting and neutralizing cyber threats before they can inflict damage. With a reputation for high accuracy and superior customer support, Red Canary serves nearly 1,000 organizations, focusing on ensuring robust security across all digital fronts. To learn more, visit Red Canary's website.