Corelight, a prominent player in open network detection and response (NDR) headquartered in San Francisco, recently secured a substantial $150m in Series E funding.
The round was led by Accel, a notable first investor, along with significant contributions from Cisco Investments and the CrowdStrike Falcon Fund.
The fresh capital influx aims to significantly propel Corelight’s innovations in AI-driven security. This includes enhancing their cloud-native security features and expanding data fusion partnerships with major cybersecurity platforms. These efforts are designed to augment the capabilities of SOC analysts and incident response teams.
Corelight stands out in the cybersecurity domain, offering an NDR platform that has been adopted by elite cybersecurity teams at organizations like CrowdStrike, Mandiant, and the Black Hat NOC. Their technology and partnerships have skyrocketed Corelight to become the fastest-growing, scaled NDR platform in the industry. Notably, the company has achieved over 40% year-over-year ARR growth and a 300% increase in AI and SaaS-driven NDR solutions.
Corelight CEO Brian Dye said, “Corelight uses the network to provide ground truth evidence of adversarial movement, and the use case for that data is unbounded.
“Customers and partners are broadly adopting Corelight to drive advances in AI-driven security operations, cloud visibility and detection, and next-generation SIEM platforms. We are excited to collaborate with CrowdStrike, Cisco and Accel as we continue to innovate and serve the needs of our mutual customers.”
Accel partner Arun Mathew said, “What stood out about Corelight since the early days was its unusually strong enterprise traction, battle-hardened, open-source technology, and its delighted customers. Corelight is remarkably well positioned to modernize legacy technologies and deepen technology partnerships with the most significant cybersecurity organizations and platforms around the globe.”
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