AlienVault closes new financing round of $52 million

AlienVault has closed a $52 million Series E funding round, which brings the company’s total funding raised to nearly $116 million. New investor Institutional Venture Partners (IVP) led the round with strong participation from existing investors, including Trident Capital, Kleiner Perkins Caufield & Byers and GGV Capital. As part of the funding, Steve Harrick, General Partner at IVP, will join the board of directors as an observer. The company will use the funding to scale its global sales and marketing programs and to increase investments in product innovation for its Unified Security Management (USM) platform and Open Threat Exchange (OTX), its open threat intelligence community that enables collaborative defense with actionable, community-powered threat data.

Thursday, 20th August 2015 Posted 9 years ago in by Phil Alsop

AlienVault recently marked another record year, with bookings growth exceeding 65 percent year over year and new customer growth exceeding 75 percent year over year. Today, more than 2,000 customers and government organizations including Columbia University, Peet’s Coffee & Tea, NASA and Save Mart rely on the AlienVault USM platform and OTX to detect, defend against, and respond to today’s cybersecurity threats in minutes. AlienVault was once again positioned in the Visionary quadrant of the 2015 Gartner Magic Quadrant for Security Information and Event Management (SIEM), which recognizes the value of its innovative approach to deliver affordable security solutions for organizations of all sizes.

“With today’s rapidly changing threat landscape, technology alone is not enough in the battle against cyber crime. At AlienVault, we unify the security products, intelligence and community which enable all organizations – regardless of size – to quickly detect and respond to today’s threats,” said Barmak Meftah, president and CEO of AlienVault. “This round of funding will allow us to make the investments needed to rapidly expand our reach into this large market opportunity.”

Gartner predicts global cybersecurity spending will reach $76.9 billion this year as organizations become more “threat-aware.” However, many mid-market companies lack the IT budget and technical expertise needed to deploy numerous point security products and gather and analyze enough actionable information to stay ahead of threats. AlienVault USM is the only all-in-one, affordable solution that accelerates threat detection and incident response, particularly for IT teams with limited resources – budget, people or technology.

“AlienVault is a security visionary, focused on developing a new category of unified security management and actionable threat intelligence. Their products help companies detect and deflect targeted attacks in an efficient and timely manner,” said Steve Harrick, General Partner at IVP. “AlienVault offers organizations a unique solution to protect their sensitive data and core infrastructure. We were especially impressed by the company’s strong executive team and board, their practical approach to the market and their enthusiastic and devoted customers.”