Intel Capital Joins AlienVault Series D Funding Round
Strategic Investment Completes $30 Million Funding Round
San Mateo, Calif. – Dec. 20, 2013 – AlienVault, the leading provider of Unified Security Management™ (USM) solutions and crowd-sourced threat intelligence, today announced that Intel Capital has joined its Series D funding round, closing the round at $30 million. AlienVault’s Series D round was first announced in September, and led by GGV Capital, with strong participation from Trident Capital, Kleiner Perkins Caufield & Byers (KPCB), Sigma West, Adara Venture Partners, Top Tier Capital and Correlation Ventures.
“AlienVault' s USM platform targeted at small and medium businesses provides a comprehensive yet affordable security solution,” said Maurits Tichelman, GM of Intel’s Reseller Channel Organization. “We look forward to introducing AlienVault to our global network of 150,000 Intel Technology Providers who can provide unique key services, a Managed Security Service Platform, and distribution of the AlienVault Security offering to their customer base.”
“This is a great strategic extension of our Series D round,” said Barmak Meftah, president and CEO of AlienVault. “Intel Capital brings with it knowledgeable insights and a robust network of technology innovators and channel partners that will enable AlienVault to reach the broad mid-market even more quickly and innovate in ways that make threat prevention, detection and response easier to afford and achieve.”
“GGV Capital welcomes Intel Capital’s investment in AlienVault in the Series D round,” said Glenn Solomon, partner at GGV Capital and member of AlienVault’s Board of Directors. “AlienVault has been growing rapidly and has the opportunity to scale meaningfully in the future. GGV Capital’s focus on supporting companies in the expansion phase, and Intel Capital’s shared emphasis on helping start-ups scale their businesses and build strong channel relationships, will serve AlienVault well, as the company amplifies its reach to the mid-market, and leads the industry toward a better threat sharing paradigm.”
“AlienVault has seen tremendous growth over the last five years,” said J. Alberto Yépez, AlienVault’s Chairman of the Board of Directors and Managing Director at Trident Capital. “As AlienVault continues to expand its reach to the mid-market and build upon its global presence, Intel’s channel partners and robust network of technology innovators will further open doors for the growing security company.”
With the Series D funding, AlienVault will continue to scale the company’s global sales and marketing programs. It will also enable the company to increase investments in product innovation and expand its OTX platform, the largest crowd-sourced repository for threat information around the world, counting more than 8,000 contributors from 140 countries, and growing rapidly.
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About Intel Capital
Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,322 companies in 54 countries. In that timeframe, 204 portfolio companies have gone public on various exchanges around the world and 336 were acquired or participated in a merger. In 2012, Intel Capital invested US $352 million in 150 investments with approximately 57 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.
AlienVault is the champion of mid-size organizations that lack sufficient staff, security expertise, technology or budget to defend against modern threats. Our Unified Security Management (USM) platform provides all of the essential security controls required for complete security visibility, and is designed to enable any IT or security practitioner to benefit from results on day one. Powered by the latest AlienVault Labs Threat Intelligence and the Open Threat Exchange—the world’s largest crowd-sourced threat intelligence exchange—AlienVault USM delivers a unified, simple and affordable solution for threat detection and compliance management. AlienVault is a privately held company headquartered in Silicon Valley and backed by Trident Capital, Kleiner Perkins Caufield & Byers, GGV Capital, Intel Capital, Sigma West, Adara Venture Partners, Top Tier Capital and Correlation Ventures. For more information visit www.AlienVault.com or follow us on Twitter.
LEWIS PR for AlienVault