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.
“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.