AlienVault recently announced a $26.5 million Series D funding round led by GGV Capital, with additional participation from existing investors Trident Capital, Kleiner Perkins Caulfield & Byers (KPCB), Sigma West and Adara Ventures, and new investors Top Tier Capital and Correlation Ventures.
The company says the funding will be used to grow AlienVault's global sales and marketing programs, and to invest in product innovation and expansion of AlienVault's Open Threat Exchange.
GGV Capital partner Glenn Solomon will join AlienVault's board as a director.
"AlienVault's ability to deliver on the promise of complete, simple and affordable security visibility and threat intelligence products for businesses of any size or scale has been strongly demonstrated over the past year that we've gotten to know the company," Solomon said in a statement. "At GGV, we strive to invest in companies that can create and lead large new global market opportunities. AlienVault’s management team is well on its way to building the clear leader in Unified Security Management."https://o1.qnsr.com/log/p.gif?;n=203;c=204660766;s=9477;x=7936;f=201812281312070;u=j;z=TIMESTAMP;a=20392931;e=i
"AlienVault is on the path to being a disruptive, game-changing force in the security market," KPCB general partner Ted Schlein said in a statement. "They anticipated the need for an all-in-one security platform that businesses of any size could use and afford, as well as the need for better threat management through crowd-sourced threat intelligence with the Open Threat Exchange."