AlienVault gets $52M to make bigger danger Intelligence reach
Bernadette Tansey August 19, 2015
AlienVault, which markets security services and products to fit within modest company budgets, announced nowadays it has raised $ fifty two million in a series E funding round led via a brand new investor, Institutional challenge partners.
That brings San Mateo, CA-based AlienVault’s fundraising complete as regards to $ 116 million. Trident Capital, Kleiner Perkins Caufield & Byers, GGV Capital, and other existing buyers also joined within the firm’s sequence E spherical.
AlienVault is a outstanding actor in the motion to crowdsource threat detection. in the course of the firm’s Open possibility exchange (OTX), more than 26,000 partners, including Intel security and HP, share important points about threats they have detected. First launched in 2012, the trade used to be probably the most first networks set up to pool and correlate experiences about cyber assaults from more than one security businesses. The trade, paired with AlienVault’s unified safety management system, serves the needs of more than 2,000 consumers, including NASA and different executive companies in addition to companies such as SaveMart, Columbia university, and Peet’s coffee & Tea.
at least three different Bay area corporations present crowd-sourced possibility intelligence as a section of their cybersecurity offerings, including Redwood Shores, CA-based Imperva (NYSE: IMPV). additionally on the list are Synack and ThreatStream, each primarily based in Redwood city, CA. ThreatStream is a partner in AlienVault’s OTX.
AlienVault says it has had a file 12 months, with more than 65 p.c growth in bookings and new customer increase of greater than 75 percent. the corporate plans to make use of its new capital to support world marketing and fund further innovations in safety expertise. the global market for cybersecurity products and services might manner $ seventy seven billion this yr, consistent with a Gartner record referred to by means of AlienVault.
AlienVault CEO Barmak Meftah, says technology by myself can’t overcome developing cybersecurity threats.
“At AlienVault, we unify the security merchandise, intelligence and neighborhood which permit all organizations – despite measurement – to quick observe and respond to nowadays’s threats,” Meftah (pictured above) stated in a statement on the funding spherical.
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