Detection and response solutions provider Stellar Cyber on Tuesday announced that it has raised $38 million in Series B funding. To date, the company has raised over $68 million.
The new funding round was led by Highland Capital Partners. Existing investors Northern Light Venture Capital and Valley Capital Partners, as well as new investor Samsung also contributed.
Stellar Cyber offers an Open XDR (extended detection and response) platform designed to work with existing EDR, NDR, SIEM, UEBA, and other solutions, ingest data from them, and provide insight into apps, users, networks, and other valuable resources.
The solution leverages AI-driven detection to ensure full visibility across the attack surface and promises detection and response times reduced to real time.
“The Series B investment enables Stellar Cyber to continue leading the Open XDR market by driving innovation, increasing our market footprint, supporting partner expansion and hiring extraordinary talent,” Changming Liu, CEO and co-founder of Stellar Cyber, said.
Founded in 2015, Stellar Cyber is based in Silicon Valley.
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