AAA Corelight concentrates $75m into series D

Corelight concentrates $75m into series D

Capital One Ventures, a corporate venturing unit for financial services firm Capital One, has featured in a $75m series D round for US-based network detection and response (NDR) platform operator Corelight.

CrowdStrike Falcon Fund, a vehicle for cybersecurity company CrowdStrike, also took part in the round that was led by investment firm Energy Impact Partners.

Osage University Partners, Accel, General Catalyst, Insight Partners, HIG Growth Partners and Gaingels filled out the round.

Spun out of University of California, Berkeley in 2013, Corelight has developed an online platform for network security monitoring and network traffic analysis used by enterprise security teams for cybersecurity investigations.

The funding will support the development of new data and cloud-based products and allow Corelight to increase its global market presence.

Brian Dye, CEO of Corelight, said: “This latest investment is a powerful affirmation not only of the network detection and response category but also of our open-source heritage, data-centric approach and commitment to customer success. I am grateful for our investors’ partnership as we help organisations around the world move to a data-driven security strategy.”

Corelight has raised $160m of overall funding. The company raised $50m for a series C round in 2019 that was co-led by Insight Partners and Accel.

General Catalyst led a $25m series B round in 2018 after Accel led a $9.2m series A round featuring Osage University Partners and private investor Steve McCanne the year before.