AlienVault, a provider of security management tools and threat intelligence solutions, announced on Wednesday that has closed a $52 million Series E funding round, bringing the total raised by the company to nearly $116 million.
The San Mateo, Calif.-based cybersecurity company said the new funds would be used to scale its sales and marketing efforts and to increase investments in product development for its Unified Security Management (USM) platform and its Open Threat Exchange (OTX), a threat intelligence community that just launched in version 2.0 in July.
Led by Barmak Meftah, president and CEO, the company has positioned itself to serve mid-market companies by offering the AlienVault USM as an all-in-one, cost-effective solution that helps companies with limited IT budget and resources manage threat detection and incident response.
New investor Institutional Venture Partners (IVP) led the $52 million round, with participation from existing investors, including Trident Capital, Kleiner Perkins Caufield & Byers and GGV Capital. Steve Harrick, General Partner at IVP, will join the board of directors as an observer.
Related: AlienVault Goes Live With Latest Open Threat Exchange