Thursday, October 17, 2019

Corelight raises $50m for network traffic analysis in the cloud

Corelight, a start-up based in San Francisco, announced an additional $50 million in Series C financing for its network traffic analysis (NTA) solutions for cybersecurity.

Corelight was founded by Dr. Vern Paxson (a Professor of Computer Science at UC Berkeley and Chief Scientist at Corelight), Robin Sommer (CTO) and Seth Hall (Chief Evangelist) to deliver network visibility solutions for cybersecurity built on an open source framework called Zeek (formerly Bro). Paxson began developing Zeek in 1995 when he was working at Lawrence Berkeley National Laboratory (LBNL). The software is now widely regarded as the gold standard for both NSM and network traffic analysis (NTA) and has been deployed by thousands of organizations around the world.


The new Series C financing was led by Insight Partners and its first capital investor, Accel.

“What makes our data first security approach so powerful is the global community behind it,” said Greg Bell, CEO of Corelight. “That community generously contributes new detections, parsers, and other capabilities for the benefit of all defenders. In addition to helping Corelight accelerate commercial progress, the new investment will enable us to engage and serve our community at a higher level. Belief in this joint vision is a key driver for the partnership with Insight and Accel, two renowned and experienced firms.”

Corelight has raised a total of $84 million to date, with investment from General Catalyst, Accel, Osage University Partners and Riverbed Technology Co-founder Dr. Steve McCanne in previous rounds. The company has more than doubled in size since its Series B in September 2018.

https://www.corelight.com

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