Confluera Exits 2020 with Record Growth Rate, Driven by Strategic Partnerships, Award Recognitions and Product Innovation
Company continues XDR industry leadership, achieving Forbes’ “The Top 20 Cybersecurity Startups to Watch In 2021” and 400% customer growth
PALO ALTO, Calif.–(BUSINESS WIRE)–#XDR—Confluera, the leading provider of the Extended Detection and Response (XDR) solution, achieved record growth in 2020, exiting the year with a customer growth rate of 400 percent, including gains in strategic partnerships, channel program growth, award recognitions, and its Confluera 2.0 product update.
Confluera began its high-growth year by raising over $20 million in Series B funding led by Icon Ventures to unlock the future of cyber threat detection and response. This milestone drove Confluera’s overall growth and innovation in the XDR market, leading to an over 30 percent increase in employee headcount and the acceleration of autonomous security for cloud infrastructure.
Confluera’s XDR success was cemented with the innovation of its Confluera 2.0 product, including new features and capabilities that address evolving customer needs as they battle cyberattacks amid the current volatile security environment. Confluera had an increase in customer growth by 400 percent during 2020 in a multitude of industries including financial, manufacturing, healthcare and government sectors.
In addition, Confluera achieved industry validation from key award recognitions such as:
- “The Top 20 Cybersecurity Startups to Watch In 2021” in Forbes
- InfoSec Award from Cyber Defense Magazine at RSA Conference 2020
- 2020 Fortress Cybersecurity Awards Hardware & Infrastructure Win
- Top 100 Cybersecurity Startups for 2020 from Cyber Defense Magazine
The company has built upon a number of trusted partners through its Confluera 2020 Reseller Program, including 3SG Plus and Tevora. The expansion of the reseller program leverages the company’s industry-leading platform to autonomously detect and respond to cybersecurity incidents from a post-facto incident response to a real-time threat interception.
“Confluera’s award-winning innovation and overall growth in the XDR market comes at a critical point for the security industry. Now more than ever before, the evolving threat landscape requires an advanced level of security to remove the complexity of manual system analysis and deliver a high degree of detection accuracy not previously possible,” said Abhijit Ghosh, CEO and co-founder, Confluera. “In 2021, we anticipate even higher growth for Confluera as a leading player in the XDR space, and we look forward to the successes the new year will bring.”
Confluera is the leading provider of extended detection and response (XDR). Recognized by Forbes as one of the “Top 20 Cybersecurity Startups to Watch in 2021,” Confluera is the only vendor that offers real-time sequencing of various attack steps found in modern cyberattacks. Confluera’s patented machine learning technology automates the tedious and error-prone task of correlating events, removes the complexity of manual analysis of multiple systems, and provides a high degree of detection accuracy not previously possible. To learn more about Confluera’s award-winning solution, visit www.confluera.com.