AlienVault, a provider of threat intelligence solutions and the company behind OSSIM, a popular open source SIEM, today announced that it has raised $26.5 million in a Series D funding round led by GGV Capital.
This latest injection of cash brings the total raised by the San Mateo, California-based company to $61 million.
According to the company, the funding will be used to scale its global sales and marketing programs, fuel investments in product development and expand its Open Threat Exchange, a platform launched in 2012 that allows AlienVault customers and OSSIM users to share threat intelligence data.
AlienVault’s Unified Security Management (USM) platform is a collection of open source tools used for asset discovery, vulnerability assessment, threat detection, behavioral monitoring and security intelligence. The product is available as a virtual appliance, a hardware appliance and as an Amazon AMI.
AlienVault claims to be on target to more than double bookings for the third year in a row, with over 100% growth in net new customers in 2013. Since being introduced in February 2012, the company said its OTX Reputation Monitor has amassed more than 8,000 contributors from 140 countries and continues to grow rapidly.
“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.”
While the funding round was led by GGV Capital, the company said there was “strong participation” from existing investors Trident Capital, Kleiner Perkins Caufield & Byers (KPCB), Sigma West and Adara Venture Partners. New investors participating in the round include Top Tier Capital and Correlation Ventures.
“AlienVault is on the path to being a disruptive, game-changing force in the security market,” said 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.”
Related Reading: AlienVault Launches Free IP and Domain Reputation Monitoring Service
