Security intelligence and analytics provider, LogRhythm, has closed a US$50 million round of new financing which will be used for its global expansion.
The round was led by existing investor Riverwood Capital together with Adams Street Partners, Delta-v Capital, Siemens Venture Capital, and members of the LogRhythm management team. The funding was also participated by new investors including EDBI - the investment arm of the Singapore Economic Development Board; Exclusive Ventures - the investment affiliate of Exclusive Networks; and Silver Lake Waterman.
LogRhythm's security platform automates the detection, prioritisation, and neutralisation of cyber threats. This allows the customers to reduce the time to detect and respond to cyber threats that penetrated the enterprise perimeter or originated from within.
"We're very pleased to continue our partnership with our existing investors while also making room in an over-subscribed round for several new investors who can help our ongoing international expansion," said Andy Grolnick, President and CEO of LogRhythm, in a press release.
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