LONDON, April 21, 2016 /PRNewswire/ --
Investors Also Include General Catalyst Partners, GV and Paladin Capital Group
Anomali, the provider of the market-leading ThreatStream threat intelligence and Anomali Enterprise platforms, today announced it has raised $30 million in series C funding. The round, led by Institutional Venture Partners (IVP), includes significant investments from General Catalyst Partners, GV (formerly Google Ventures) and Paladin Capital Group. The round raises Anomali's total funding to more than $56 million since launching in 2013. The company rebranded itself in February 2016, changing its name from ThreatStream to Anomali and adding new products to support the rapidly evolving threat intelligence market.
With this investment, Steve Harrick, general partner at IVP, joins the Anomali Board of Directors, which includes Tom Reilly, former CEO of ArcSight and current CEO of Cloudera; Karim Faris, general partner at GV; and Dr. Steve Herrod, managing director at General Catalyst Partners. The funding will support international expansion and product development and will bolster Anomali's sales and marketing efforts.
"Anomali's innovative security software allows customers to keep pace with the compounding growth in threat indicators while maximising the utility of their existing security infrastructure," said Steve Harrick, general partner with IVP. "The company has pinpointed market demand while hiring the talented management team required to create the next great company in the security space."
With the rebrand from ThreatStream to Anomali, the release of new threat intelligence solutions and the constant addition of new customers, Anomali highlights its proven value and large upside for its investors. Anomali continues to pave the way by expanding its footprint in the threat intelligence market through innovative technology. IT-Harvest anticipates that, at its current growth rate, the threat intelligence platform (TIP) space is on pace to exceed $1.5 billion by 2018.
"Anomali is entering a very exciting era of cybersecurity, and we couldn't be happier to have the support and backing of our customers and partners. Our rebrand, new product suite and this latest round of funding validates our vision for reducing business risk for large enterprises and small to medium sized businesses," said Hugh Njemanze, CEO of Anomali. "We are truly in a unique position as the only security vendor who can scale to meet the challenge of making ever increasing amounts of threat intelligence useful for the entire security team while detecting and preventing attacks enabled by long adversary network dwell times."
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Anomali delivers earlier detection and identification of adversaries in your organization's network by making it possible to correlate tens of millions of threat indicators against your real time network activity logs and up to a year or more of forensic log data. Anomali's approach enables detection at every point along the kill chain, making it possible to mitigate threats before material damage to your organisation has occurred. Headquartered in Redwood City, Calif., the company is privately held and has received venture capital backing from General Catalyst Partners, GV, Institutional Venture Partners, and Paladin Capital Group, as well as individual investors. To learn more, visit http://www.anomali.com and follow us on Twitter: @anomalidetect.
About General Catalyst Partners
General Catalyst Partners is a venture capital firm that makes early-stage and transformational investments. The firm backs exceptional entrepreneurs who are building innovative technology companies and market leading businesses, including Airbnb, BigCommerce, ClassPass, Datalogix, Datto, Demandware, Gusto (fka ZenPayroll), The Honest Company, HubSpot, KAYAK, Oscar, Snapchat, Stripe, and Warby Parker. The General Catalyst partnership leverages its broad experience to help founders build market-leading businesses. General Catalyst has offices in Cambridge, MA, Palo Alto, CA and New York City.
GV provides venture capital funding to bold new companies. In the fields of life science, healthcare, artificial intelligence, robotics, transportation, cyber security, and agriculture, GV's companies aim to improve lives and change industries. GV's team of world-class engineers, designers, physicians, scientists, marketers, and investors work together to provide these startups exceptional support on the road to success. Launched as Google Ventures in 2009, GV is the venture capital arm of Alphabet, Inc. GV helps startups interface with Google, providing unique access to the world's best technology and talent.
GV has $2.4 billion under management. Among its 300 investments are Uber, Nest, Slack, Foundation Medicine, Flatiron Health, and One Medical Group. GV is headquartered in Mountain View, California, with offices in San Francisco, Boston, New York, and London.
With $5.4 billion of committed capital, IVP is one of the premier later-stage venture capital and growth equity firms in the United States. Founded in 1980, IVP has invested in over 300 companies and 103 have gone public. IVP is one of the top-performing firms in the industry and has a 35-year IRR of 43.2%. IVP specialises in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments. IVP investments include such notable companies as AppDynamics, ArcSight (HPQ), Business Insider (Axel Springer), Buddy Media (CRM), ComScore (SCOR), Datalogix (ORCL), Domo, Dropbox, Dropcam (GOOG), Fleetmatics (FLTX), GitHub, HomeAway (AWAY), The Honest Company, Kayak (PCLN), Klarna, LegalZoom, LifeLock (LOCK), Marketo (MKTO), MySQL (ORCL), Netflix (NFLX), Omniture (ADBE), OnDeck (ONDK), Prosper, Pure Storage (PSTG), Shazam, Slack, Snapchat, SoFi, SoundCloud, Supercell (SoftBank), Synchronoss (SNCR), Tanium, Twitter (TWTR), Zenefits, and Zynga (ZNGA). For more information, visit http://www.ivp.com or follow IVP on Twitter: @ivp.
About Paladin Capital Group
Paladin Capital Group was founded in 2001 and has offices in Washington DC, Silicon Valley, New York and London. It is a worldwide leader in investments in cyber and digital infrastructure resilience having completed over 40 cyber related transactions over the last decade. As a multi-stage investor, Paladin focuses on best of breed companies with technologies, products and services that meet the challenging global cyber security and digital infrastructure needs for governments as well as commercial companies. Paladin has over $1 billion of committed capital across multiple funds.