Unified Security Management provider AlienVault announced today it closed a $52 million Series E funding round, which brings its total funding raised to $116, with investments from Institutional Venture Partners, Trident Capital and more.
The funds raised are set to help AlienVault scale its global sales and marketing programs and invest in product innovation for its USM platform and Open Threat Exchange, its open threat intelligence community.
“With today’s rapidly changing threat landscape, technology alone is not enough in the battle against cybercrime. At AlienVault, we unify the security products, intelligence and community which enable all organizations – regardless of size – to quickly detect and respond to today’s threats,” said Barmak Meftah, president and CEO of AlienVault. “This round of funding will allow us to make the investments needed to rapidly expand our reach into this large market opportunity.”
AlienVault recorded strong progress throughout the last year, with a 75 percent increase in new customer growth and more than 65 percent bookings growth year over year. It was also named to the Visionary quadrant of the 2015 Gartner Magic Quadrant for SIEM.