Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Siemens Invests $15 Million in SIEM Vendor LogRhythm

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.

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.

LogRhythm“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.

Written By

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Learn how the LOtL threat landscape has evolved, why traditional endpoint hardening methods fall short, and how adaptive, user-aware approaches can reduce risk.

Watch Now

Join the summit to explore critical threats to public cloud infrastructure, APIs, and identity systems through discussions, case studies, and insights into emerging technologies like AI and LLMs.

Register

People on the Move

Jessica Newman has joined Sophos as General Manager of Global Cyber Insurance.

Breach and attack simulation solutions provider AttackIQ has appointed Pete Luban as Field Chief Information Security Officer.

Matthew Cowell has assumed the role of VP of Strategic Alliances at Nozomi Networks. He previously served in the same role at Dragos.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.