Theta Lake
Theta Lake sells compliance and security software for collaboration platforms like Zoom and Microsoft Teams. The Santa Barbara-based company has raised $68M and employs 112 people.
The growth story
Theta Lake grew from 42 to 112 employees between 2021 and 2026, raising $68M along the way, most recently a Series B in March 2022.
About
Theta Lake provides software that captures, archives and searches communications across collaboration platforms including video, voice and chat. Its customers use it to meet compliance requirements for regulated industries.
The company raised $68M in a Series B round in March 2022, backed by investors including Cisco and RingCentral. It employs 112 people, with engineering making up nearly a quarter of staff.
Founders and leadership
Engineering is the largest function at Theta Lake, accounting for 26 of its 112 employees. The company is led by a team based in Santa Barbara, California, where it was founded in 2017.
The Theta Lake org chart
Devin Redmond (Co-Founder & CEO) leads 53 mapped leaders with 3 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Engineering 35 (-3% YoY), Sales 19 (-17% YoY), Business Development 11 (+10% YoY), Product Management 8 (+14% YoY), Information Technology 8 (0% YoY), Finance 5 (0% YoY).
Talent flow
Theta Lake recruits heavily from compliance software companies, with Proofpoint and Smarsh being top sources. Its alumni have gone on to roles at Global Relay and BLACKCLOAK. Employees stay for a median of 2 years.
Most common previous employers of Theta Lake staff: Proofpoint (13), Smarsh (7), Proofpoint Digital Risk & Compliance (5), Raytheon|Websense (5), Lifesize (4), Zoom (3). Former Theta Lake employees most often moved to Global Relay (5), BLACKCLOAK (3), NiCE Cognigy (2), PolyAI (1), Veeam Software (1), C2 Realty (1).
Alumni worth knowing
The Theta Lake mafia
Theta Lake alumni have founded 3 companies, including cold.email and Modern Capital. These startups employ a total of 5 people.
3John Tanner Worthington, was Sr. Sales Development Representative until 2022Suhail Nimji, was VP, Strategic Partnerships until 2022Jamie M., was Investor until 2025Web traffic
Traffic mix: 65% direct, 14% search, 3% social, 0% paid.
What this company is made of
Most common skills at Theta Lake: Leadership (44), Software as a Service (SaaS) (38), Management (38), Cloud Computing (33), Project Management (29), Sales (28), Microsoft Office (27), Marketing (26).
Where the team actually sits
Theta Lake people are concentrated in California, United States (18), Texas, United States (7), New York, United States (7), England, United Kingdom (6).
Search footprint
Theta Lake attracts about 510 organic search visits a month, traffic worth roughly $12K a month if bought through ads. It gained 416 ranking keywords and lost 179 in the last period.
What employees say
- Compensation
- 3.90 / 5
- Career opportunities
- 3.80 / 5
- Senior management
- 3.70 / 5
- Work-life balance
- 4.30 / 5
Frequently asked
Theta Lake has 112 employees as of September 2026.
Theta Lake has raised $68M in total, most recently a Series B round in March 2022.
Theta Lake was founded in 2017 by Anthony J. Cresci, Devin Redmond, Rich Sutton.
Devin Redmond (Co-Founder & CEO) sits at the top of Theta Lake's reporting structure, with 3 direct reports.
The most common previous employers of current Theta Lake staff are Proofpoint (13 people), Smarsh (7 people), Proofpoint Digital Risk & Compliance (5 people).
Former Theta Lake employees most often move to Global Relay (5), BLACKCLOAK (3), NiCE Cognigy (2).
At least 3 companies have a founder who previously worked at Theta Lake, including cold.email, Modern Capital, Moon Advisory.
Theta Lake attracts about 510 organic search visits a month, worth roughly $12K a month in equivalent ad spend.
The most common skills among Theta Lake staff are Leadership, Software as a Service (SaaS), Management, Cloud Computing, Project Management.
Theta Lake staff are concentrated in California, United States (18), Texas, United States (7), New York, United States (7).
Theta Lake has about 35 people in Engineering, down 3% over the past year, as of September 2026.
Theta Lake has about 19 people in Sales, down 17% over the past year, as of September 2026.
Computed from 93 current and 88 former Theta Lake profiles, as of September 2026. Source: Crustdata.
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