Niara, a security analytics company currently operating in stealth mode, has closed a $20 million Series B financing round led by Venrock, with additional participants including New Enterprise Associates (NEA) and Index Ventures.
While the Sunnyvale, Calif.-based company has not shared many details on its offerings, it claims that its technology delivers contextually relevant security analytics by fusing data from disparate sources to discover compromised systems.
More specifically, Niara explained that its platform blends diverse data sources, sophisticated analytics and forensics to discover compromised users, provide insight into malicious insiders, enable advanced threat hunting efforts, and efficiently prioritize alerts for rapid investigation.
The new funding brings the total raised by the company to $29.4 million. The company previously raised a $9.4 million Series A round in November 2013, led by NEA and Index Ventures.
Doug Dooley, investor at Venrock, has joined the company’s board of directors, which includes Series A investors Krishna Kolluri, general partner, NEA and Danny Rimer, partner, Index Ventures, as well as Aruba Networks president and CEO Dominic Orr.
“We’ve chosen to invest in Niara because of this team’s unique approach to analytics that makes it easier for customers to find needles in their security haystack, shrinking the time it takes to discover sophisticated threats within their environments,” Dooley said in a prepared statement.
“As the threat landscape has shifted from a world of black and white to shades of grey, traditional security technologies have become increasingly incapable of distinguishing what is malicious from what isn’t,” said Sriram Ramachandran, co-founder and CEO of Niara. “Cyber attacks are more sophisticated, persistent, and covert than ever before. Security teams need to identify and thread together subtle, nuanced changes in user behavior across disparate data sources to discover advanced threats. A combination of data-driven analytics and sophisticated forensics is critical to combatting these attacks and protecting your organization.”
