Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Siemens Invests $15 Million in SIEM Vendor LogRhythm

SIEM vendor LogRhythm, on Thursday announced that it has closed a $15 million Series D round of funding led by Siemens’ Venture Capital group.

The Boulder, Colorado-based company said the funds would be used to help accelerate growth, product innovation and international expansion.

SIEM vendor LogRhythm, on Thursday announced that it has closed a $15 million Series D round of funding led by Siemens’ Venture Capital group.

The Boulder, Colorado-based company said the funds would be used to help accelerate growth, product innovation and international expansion.

LogRhythm“We are excited to partner with Siemens’ Venture Capital group, particularly due to the opportunity we see to collaborate in several of the key vertical markets that LogRhythm and Siemens both target, including healthcare and critical infrastructure,” said Andy Grolnick, president and CEO of LogRhythm. “Network attacks and breaches are increasingly driving organizations to employ more advanced detection and response capabilities. There is also a rapidly growing demand for solutions that help organizations tap ‘Big Data’ for enhanced security, operations and business intelligence.”

LogRhythm’s solutions help provide visibility and insight to detect, defend against and respond to increasingly sophisticated cyber threats, meet compliance requirements and proactively respond to operational challenges.

Existing investors Adams Street Partners and Grotech Ventures also participated in the round.

Written By

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.

Malware & Threats

The NSA and FBI warn that a Chinese state-sponsored APT called BlackTech is hacking into network edge devices and using firmware implants to silently...

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...

Funding/M&A

Thirty-five cybersecurity-related M&A deals were announced in February 2023

Funding/M&A

Forty-one cybersecurity-related M&A deals were announced in March 2023.