Confluera
today announced that it has raised over $20 million in Series B funding
led by Icon Ventures to unlock the future of cyber threat detection and
response. Icon Ventures' General Partner, Preeti Rathi, will also be
joining the Confluera board. In addition, Harpoon Ventures joined the
investors pool to embark on Confluera's journey. The company's existing
investors Lightspeed Venture Partners, John W. Thompson and Lane Bess
also participated in this round. This comes within less than a year of
Confluera announcing its Series A of $9 million and coming out of
stealth at the BlackHat 2019 conference.
Today's
attackers blend in the environment, dwell over long periods and use
stealthy techniques to navigate the enterprise infrastructure resulting
in devastating data breaches. State of the art solutions rely on
‘reactive investigations' and fail to provide timely response. The
Confluera platform redefines the enterprise security paradigm by
providing a broad range of autonomous capabilities that
deterministically track ongoing cyber threats and intercept them before
any damage occurs. Confluera is changing the way security is practiced
today, from a post-facto incident response to a real-time threat
interception.
"Confluera's
growth comes at a critical juncture for the security industry, when a
new normal is shaping up across all verticals. Now more than ever
before, we see the need for a platform that has end-to-end visibility
across the enterprise infrastructure to identify cyberattacks in real
time and mitigate them. Our customer traction demonstrates the latent
market demand for innovation in autonomous capabilities to protect
enterprise assets," said Abhijit Ghosh Co-Founder & CEO. "We have
raised this round to accelerate the delivery of the industry's first
Autonomous Detection and Response platform, and build out our go-to
market efforts." "The platform's unique capability of continuous
machine-ranked activity tracking enables ‘proactive interception' of
unknown threats," added Co-founder and Chief Architect Niloy Mukherjee
Preeti
Rathi commented, "We partner with world-class teams building
category-defining companies in large markets. Confluera's capabilities
bring much-needed self-directed intelligence and independence, which
helps create the crime scene as it is happening, so security operators
can focus on response. We are very excited about our partnership in this
journey."
"As
the scale and complexity of IT environments continue to increase, there
is clearly a need to fully integrate the security context," said Ravi
Mhatre, Managing Director, Lightspeed Venture Partners. "Confluera
addresses the real pent-up demand for a platform that can deliver
radical risk reduction and operational simplification. Confluera's
vision and track record of execution will transform the enterprise
security landscape."