US-based cybersecurity technology developer Anomali secured $30m on Thursday in a series C round featuring GV, the corporate venturing unit formerly known as Google Ventures.
The round, led by venture capital firm Institutional Venture Partners (IVP) and backed by VC firm General Catalyst Partners and investment firm Paladin Capital Group, increased the company’s overall funding to $56m.
Founded in 2013 as ThreatStream, Anomali has built cybersecurity software that correlates tens of millions of cyber threat indicators against network activity logs and forensic log data, meaning threats can be detected at any part of the ‘kill chain’.
Anomali will put the series C funding toward product development and international growth, which will be supported by increased investment in sales and marketing.
Hugh Njemanze, Anomali’s CEO, said: “Anomali is entering a very exciting era of cybersecurity, and we could not be happier to have the support and backing of our customers and partners. Our rebrand, new product suite and this latest round of funding validates our vision for reducing business risk for large enterprises and small to medium-sized businesses.
“We are truly in a unique position as the only security vendor who can scale to meet the challenge of making ever increasing amounts of threat intelligence useful for the entire security team while detecting and preventing attacks enabled by long adversary network dwell times.”
Google Ventures led ThreatStream’s $4m series A round in early 2014, investing alongside Paladin and angel investors Tom Reilly and Hugh Nijemanze, before joining Paladin, IVP and General Catalyst for a $22m series B in December the same year.