BitLyft provides an automated threat detection and remediation platform for SMBs. The company’s BitLyft AIR platform unifies security information event management (SIEM), security operations, automation and response (SOAR), and central threat intelligence (CTI) tools. The company also provides a 24/7/365 security operation center (SOC) team to detect and remediate threats across an organization’s network. The company formed a partnership with AaDya Security in February 2021 to integrate its threat detection and response solution into AaDya Security’s cybersecurity platform Marzo4. The company serves customers in the education, manufacturing, and energy sectors. BitLyft reported that its current annual recurring revenue (ARR) has increased by two-fold YoY since 2019 and ranges "in the millions", and it expects its ARR to exceed USD 5 million next year.
In October 2021, the company raised USD 1 million in a seed funding round led by New York Technology Capital Partners.
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