AAA AlienVault locks away $8m

AlienVault locks away $8m

AlienVault, a US-based network security company that counts technology holding group Teldat among its backers, completed an $8m series B funding round on Tuesday, bringing its total financing to $12m.

Trident Capital led the round and was joined by fellow venture capital firm Adara Venture Partners and Neotec, an investment fund backed by European Union and Spanish government ministries. Adara and Neotec previously joined Teldat in funding AlienVault’s series A round, which raised $4 in June 2010.

The service provided by AlienVault, Security Information and Event Management (SIEM) involves gathering, processing and analysing information from network security devices in real-time. AlienVault plans to use the financing to amp up research and development while expanding its sales and marketing globally.

The round follows the appointment in November of Barmak Meftah and Roger Thornton from HP-owned security software company Fortify as chief executive officer and chief technology officer respectively.

In regard to the series B round, Meftah said: "This funding comes amid significant momentum at AlienVault as the company has achieved 150% year over year revenue growth and is poised for even greater expansion in 2012."

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