Cyber attacks target ISIS in a new line of comba... » Security experts react to The New York Times article, “US Cyberattacks Target ISIS in New Line of Co... FAST and V.i. Labs join forces to educate market... » The Federation Against Software Theft (FAST) and long-term industry member V.i. Labs, have launched ... Wick Hill Wins ‘Distributor of the Year’ at IT E... » Woking, Surrey: Wick Hill has won the strongly contested ‘Distributor of the Year’ title at the IT E... Thales delivers digital trust across connected ... » Samsung Developer Conference, San Francisco, CA: Thales has announced that the SAMSUNG ARTIK™ platfo... BeyondTrust contributes threat analytics to the ... » PHOENIX: BeyondTrust has announced today that the 2016 Verizon Data Breach Investigations Report (DB... Construction hoist standard for transporting ... » BSI, the business standards company has revised BS 7212:2016 Code of practice for the safe use of co... FireMon delivers record 2015 Revenue...adds secu... » London, UK: FireMon CEO Jim Lewandowski has announced the security management firm achieved record g... PALFINGER achieves new record levels of revenue » - Revenue grew by 9.1 per cent to EUR 318.8 million - EBIT showed extraordinarily strong increase o... Industry leader covers nearly 700 compliance pol... » London, UK: Tripwire, Inc. has announced that Tripwire® Enterprise coverage for security policy and ... Varonis to stifle ransomware with new threat model... » London, UK: Varonis Systems, Inc. has announced the beta availability of more than 20 new threat mod...

CLICK HERE TO

Advertise with Vigilance

Got News?

Got news for Vigilance?

Have you got news/articles for us? We welcome news stories and articles from security experts, intelligence analysts, industry players, security correspondents in the main stream media and our numerous readers across the globe.

READ MORE

Subscribe to Vigilance Weekly

Information Security Header

San Mateo, Calif.: AlienVault, the leading provider of Unified Security Management™ solutions and crowd-sourced threat intelligence, today announced a $26.5 million Series D funding round led by GGV Capital, with strong participation from existing investors Trident Capital, Kleiner Perkins Caufield & Byers (KPCB), Sigma West and Adara Venture Partners, and new investors Top Tier Capital and Correlation Ventures. The funding will be used to scale the company’s global sales and marketing programs in response to high demand for its products. Funds will also be used for continued investments in product innovation and expansion of AlienVault’s Open Threat Exchange.

 

“AlienVault’s ability to deliver on the promise of complete, simple and affordable security visibility and threat intelligence products for businesses of any size or scale has been strongly demonstrated over the past year that we’ve gotten to know the company,” said Glenn Solomon, Partner at GGV Capital. “At GGV, we strive to invest in companies that can create and lead large new global market opportunities. AlienVault’s management team is well on its way to building the clear leader in Unified Security Management. The company’s strong executive team and board, compelling market need, devoted customer references and rapid growth combine to make AlienVault a very exciting investment for GGV.”

AlienVault’s Unified Security Management (USM) platform is a collection of the best open source tools for asset discovery, vulnerability assessment, threat detection, behavioral monitoring and security intelligence. These essential security capabilities are pre-integrated and tuned to provide complete security visibility and threat management through an easy-to-use management console. The product is available as a Virtual Appliance, a Hardware Appliance and as an Amazon AMI.

The new Series D round of funding comes at a time of continued rapid growth for AlienVault, as the company is on target to more than double bookings for the third year in a row. With over 100% growth in net new customers in 2013 and thousands of free product trials being downloaded each quarter, AlienVault has seen strong adoption of its Unified Security Management platform, as well as great participation in its Open Threat Exchange (OTX). Since it was introduced early last year, AlienVault’s OTX Reputation Monitor, available through the Exchange, has become the largest crowd-sourced repository for threat information around the world, counting more than 8,000 contributors from 140 countries, and growing rapidly.

“Trident Capital is proud of what the team at AlienVault has been able to accomplish in the two years that we’ve been involved with the company,” said J. Alberto Yépez, AlienVault’s Chairman of the Board of Directors and Managing Director at Trident Capital. “Many companies have great vision but fall short of realizing it. Through its USM platform and Open Threat Exchange, AlienVault is delivering on its vision of open and collaborative security. It’s great to have GGV Capital’s support as AlienVault works to make security visibility and better threat intelligence easily accessible and attainable, even for smaller and midsize organizations around the world whose security needs have largely gone unmet. The team assembled at AlienVault is amongst the most accomplished and well respected in the industry.”

"AlienVault is on the path to being a disruptive, game-changing force in the security market," added Ted Schlein, general partner at KPCB. "They anticipated the need for an all-in-one security platform that businesses of any size could use and afford, as well as the need for better threat management through crowd-sourced threat intelligence with the Open Threat Exchange."

 

 

 

“GGV Capital has an amazing track record for investing in companies that truly are category creators, and we look forward to living up to their legacy with Unified Security Management,” said Barmak Meftah, AlienVault’s President and CEO. “Glenn’s experience guiding companies that have created new technology paradigms and markets—companies like Pandora, Square, ZenDesk and Successfactors—will be invaluable as we continue to put the power of a unified security platform and shared threat intelligence within reach of all organizations.”