Cybersecurity analytics provider Aella Data has rebranded itself as Stellar Cyber and closed its Series A on $13.2m.
Early-stage venture capital firm Valley Capital Partners, which focuses on security, enterprise infrastructure and AI startups, led the series funding. Other participants to the round included previous backer Northern Light Venture Capital, and new strategic backer Digital Hearts. A selection of unnamed backers also participated.
These new funds will be used to accelerate the go-to-market expansion strategy of Stellar, and support growth across sales, marketing, engineering, and product management.
The company decided to change its name in order to reflect its goal “to light the darkness of network and computing environments by providing organizations better security visibility in an age of heightened cybersecurity threats and infrastructure complexities,” it said.
Silicon Valley-based Stellar is a cybersecurity analytics platform which designed to be the SOC Command Centre for pervasive data collection, breach detection, investigation and response. Stellar works with mid- and large enterprises and services providers to build managed detection and response services.
The analytics platform can build a baseline behaviour model for a client’s specific environment and will automatically identify any anomalous and breach events. The AI technology continuously monitors the environment, accelerating breach detection times and accuracy.
Valley Capital Partners managing partner Steve O’Hara said, “As the volume and pace of applications have skyrocketed, the number of vulnerabilities has exploded.
“Stellar Cyber’s security analytics solution addresses a major pain point for the CISOs of modern enterprises: providing better security visibility in an age of heightened cybersecurity threats. It’s exciting to be an investor and board member in a company that is helping security teams in pioneering and meaningful ways.”
As part of the investment, Steve O’Hara will join Stellar as a board member and former Forcepoint Chief Information Security Officer will join the company as Chief Security Officer.
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