US-based cybersecurity technology provider Stellar Cyber raised $7.1m from investors including quantitative trading firm Susquehanna International Group on Wednesday to bring its series A round up to $21.8m.
Valley Capital Partners, Big Basin Ventures and Northern Light Venture Capital also invested, having already taken part in the first tranche in March 2019 together with quality assurance services firm Digital Hearts and unnamed existing shareholders.
Founded in 2015 as Aella Data, Stellar Cyber has built a cybersecurity software platform called Starlight that collects data from a client’s entire infrastructure, including applications hosted in public clouds, in order to automatically detect and resolve security breaches.
The extra funding will help Stellar Cyber double down on its research and development, sales and marketing, partnerships and international expansion efforts.
The company received an undisclosed amount of seed capital from Northern Light Venture Capital and a range of security industry veterans and other private investors in 2017.
Changming Liu, co-founder and chief executive of Stellar Cyber, said: “Enterprises and [managed service providers] are adopting Starlight because it slashes false positives and unifies all cybersecurity efforts under a single platform.
“We have had outstanding growth in the past year, and we are grateful that this has been acknowledged by both our investors and our customers.”
