Anvilogic, a Palo Alto-based pioneer in multi-data platform SIEM, announced today the successful closure of a $45m Series C funding round.
The funding round was spearheaded by Evolution Equity Partners and saw contributions from a consortium of returning investors including Foundation Capital, Cervin Ventures, Myriad Ventures, Point72 Ventures, Outpost Ventures, Stepstone Group, and G Squared. This round brings Anvilogic’s total raised funds to $85m since its inception in 2019, highlighting a robust growth trajectory backed by strategic venture capital.
Anvilogic is renowned for its innovative approach to security information and event management (SIEM), which facilitates the integration of security analytics across various data lakes without necessitating the replacement of existing SIEM systems. This capability is increasingly crucial as enterprises migrate more operations to cloud environments requiring scalable and efficient data management solutions.
The fresh influx of capital will be directed towards expanding Anvilogic’s generative AI functionalities, further diversifying its application across all phases of the Security Operations Center (SOC) lifecycle. This expansion aims to enhance the company’s market penetration and go-to-market strategies, ensuring that Anvilogic remains at the forefront of the security operations technology space.
Additional insights into the company’s strategy reveal a focused effort on mitigating the high costs associated with traditional SIEM systems. By decoupling security analytics from logging platforms, Anvilogic enables enhanced threat detection capabilities and operational efficiencies, which are critical as data proliferation continues to accelerate.
Evolution Equity Partners General Partner Karthik Subramanian praised Anvilogic’s approach, stating, “Anvilogic’s solution helps security teams reduce risk while cutting SIEM costs. Its innovative multi-data platform approach is a game changer for SOCs that want to adopt a modern security analytics platform that scales across diverse data lakes and without having to rip-and-replace their monolithic SIEM.
“The team, technology, continued explosion of data, particularly from the adoption of AI, and the significant value delivered to customers made it an easy decision for us to invest. We’re excited to support the journey and unique vision.”
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