Cybersecurity solution Corelight scores $50m in Series C

Corelight, a network traffic analysis solution for cybersecurity, has scored an additional $50m in its Series C.

The round was led by Insight Partners and Accel. Funds from this round will be used to accelerate investments into product development, research, sales, and marketing, with a goal of delivering new capabilities for network defence.

Corelight is a technology platform which transforms network traffic into rich logs, extracted files and security insights for a better incident response, threat hunting, and forensics. Clients get access to real-time data which helps them detect and prevent cyber-attacks.

Insight Partners co-founder and managing director Jeff Horing said, “Corelight recognizes that network data provides ground-truth evidence that security teams need to root out malicious activity inside their organizations.

“It is this unique data-centric approach that sets Corelight apart from other vendors in the security market space. As a result, we believe that Corelight has substantial opportunities to expand their portfolio and provide customers a fundamentally better foundation for their security programs. We look forward to partnering with the team as they build out that vision.”

To date, the RegTech has raised a total of $84m. Prior to the Series C round, the company collected $25m for its Series B from backers including General Catalyst. The investment had been raised to support product development, sales and research efforts.

Accel has backed a number of cybersecurity companies this year. The investor recently supported the $20m round of cloud provider of cloud-delivered endpoint protection CrowdStrike.

Its other recent cybersecurity include network threat detection and response solution Vectra, machine intelligent security platform Tessian and data privacy service Transcend.

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