US security management software platform AlienVault has closed a $22.4m Series C round led by Kleiner Perkins Caufield & Byers and Sigma, with participation from existing investors Trident Capital and Adara Venture Partners.
The funding will be used to expand the company’s sales, marketing and support functions as well as further invest in research and development, it said.
KPCB managing partner Ted Schlein, whose information security investments have also included Fortify Software, ArcSight, ISS, Mandiant, Shape Security and others, will join AlienVault’s board of directors. Sigma managing director Bob Spinner, whose information security investments have included Fortify Software and Vormetric, will also participate as a board observer.
“Having been involved in the SIEM market since its inception, I have a deep appreciation for the new and exciting direction AlienVault is taking the technology and the market. Their open and collaborative Unified Security Management platform provides the kind of security visibility that no one has been able to deliver on yet. I’m very glad to be partnering with such a seasoned and successful team of executives to help evolve the security and SIEM markets,” Schlein said.
AlienVault’s board also includes cyber security veterans J Alberto Yépez of Trident Capital, former chairman of the Joint Chiefs of Staff General Peter Pace, Fortinet CFO Kenneth Goldman, former Fortify Software CEO John M Jack, as well as Alberto Gomez of Adara Venture Partners, AlienVault President & CEO Barmak Meftah, co-founder Julio Casal and board observers Mike Biggee of Trident Capital, and AlienVault co-founder Dominique Karg.
“Watching the new executive team and founders come together and execute our mission for Unified Security Management has been astounding. AlienVault’s rapid expansion is a tribute to a great group of experienced leaders and innovative security professionals whose work will inevitably change the business of security as we know it,” Trident’s Yepez said. “AlienVault is a cornerstone in Trident Capital’s comprehensive portfolio of leading security investments including Mocana, Qualys, Solera Networks and Voltage Security. We welcome the new investors and board members who share our vision and passion for making security ‘visibility’ a reality for all. Needless to say, we are excited to continue our deep involvement in the company’s growth and success.”
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