US-based cybersecurity technology developer Stellar Cyber on Wednesday collected $13.2m in a series A round that included Digital Hearts, a provider of testing and quality assurance services for digital content.
The round was led by Valley Capital Partners and included participation from fellow venture capital firm Northern Light Venture Capital, as well as unnamed existing investors.
Stellar Cyber, previously known as Aella Data, provides a platform that enables organisations to detect security breaches in computer systems and networks before data is stolen.
The security analytics platform, called Starlight, uses artificial intelligence and machine learning technology to identify anomalies in network, server and application data, promoting security operations centers and security professionals to take action.
Capital from the round will be used to accelerate the company’s go-to-market expansion, as well as bolster its sales, marketing, engineering and product management.
Stellar previously raised an undisclosed amount of seed funding from Northern Light Venture Capital, several security industry veterans and private investors including Feng Deng in 2017.
Changming Liu, chief executive at Stellar Cyber, said: “Our series A funding combined with our strong customer traction affirms the significance of our flagship product, Starlight.
“We have put into the hands of our customers and partners a powerful and comprehensive SOC solution that will protect them from the fates of Equifax and Marriott Hotels.”