AlienVault Adds $52 Million in Series E Funding Round
Unified Security Management and threat intelligence provider AlienVault raised $52 million in its Series E funding round this week, bringing the company’s total funding to a whopping $116 million.
Unified security management and threat intelligence provider AlienVault raised $52 million in its Series E funding round this week, bringing the company’s total funding to a whopping $116 million.
AlienVault said it plans to use the latest investment to scale its global sales and marketing programs. The new funds will also be used to boost investments in product innovation for its Unified Security Management (USM) platform and Open Threat Exchange (OTX) community.
“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, in a statement. “This round of funding will allow us to make the investments needed to rapidly expand our reach into this large market opportunity.”
The latest investment round was led by Institutional Venture Partners. IVP General Partner Steve Harrick will join AlienVault’s board of directors as an observer as part of the company’s involvement.
AlienVault recently reported 65 percent bookings growth this year in addition to more than 75 percent year-over-year customer growth, according to the announcement. The company also released new versions of USM and OTX as well as a USM platform specifically for Amazon Web Services.
In other news, cloud systems management software provider Blue Medora announced it had raised $4.6 million in Series A funding, including an investment by VMware (VMW).