Confluera Raises $20 Million in oversubscribed Series B round to accelerate adoption of autonomous security for Cloud Infrastructure.
The company expands its portfolio by rolling out a private cloud version of its Autonomous Detection and Response platform
PALO ALTO, Calif–(BUSINESS WIRE)–Confluera today announced that it has raised over $20 million in Series B funding led by Icon Ventures to unlock the future of cyber threat detection and response. Icon Ventures’ General Partner, Preeti Rathi, will also be joining the Confluera board. In addition, Harpoon Ventures joined the investors pool to embark on Confluera’s journey. The company’s existing investors Lightspeed Venture Partners, John W. Thompson and Lane Bess also participated in this round. This comes within less than a year of Confluera announcing its Series A of $9 million and coming out of stealth at the BlackHat 2019 conference.
Today’s attackers blend in the environment, dwell over long periods and use stealthy techniques to navigate the enterprise infrastructure resulting in devastating data breaches. State of the art solutions rely on ‘reactive investigations’ and fail to provide timely response. The Confluera platform redefines the enterprise security paradigm by providing a broad range of autonomous capabilities that deterministically track ongoing cyber threats and intercept them before any damage occurs. Confluera is changing the way security is practiced today, from a post-facto incident response to a real-time threat interception.
“Confluera’s growth comes at a critical juncture for the security industry, when a new normal is shaping up across all verticals. Now more than ever before, we see the need for a platform that has end-to-end visibility across the enterprise infrastructure to identify cyberattacks in real time and mitigate them. Our customer traction demonstrates the latent market demand for innovation in autonomous capabilities to protect enterprise assets,” said Abhijit Ghosh Co-Founder & CEO. “We have raised this round to accelerate the delivery of the industry’s first Autonomous Detection and Response platform, and build out our go-to market efforts.” “The platform’s unique capability of continuous machine-ranked activity tracking enables ‘proactive interception’ of unknown threats,” added Co-founder and Chief Architect Niloy Mukherjee
Preeti Rathi commented, “We partner with world-class teams building category-defining companies in large markets. Confluera’s capabilities bring much-needed self-directed intelligence and independence, which helps create the crime scene as it is happening, so security operators can focus on response. We are very excited about our partnership in this journey.”
“As the scale and complexity of IT environments continue to increase, there is clearly a need to fully integrate the security context,” said Ravi Mhatre, Managing Director, Lightspeed Venture Partners. “Confluera addresses the real pent-up demand for a platform that can deliver radical risk reduction and operational simplification. Confluera’s vision and track record of execution will transform the enterprise security landscape.”
Confluera’s mission is to redefine the security paradigm by introducing autonomous detection and response capabilities to deal with modern cyberattacks. Confluera aims to turn security analysts into cyber defenders by enabling them to stop breaches in their tracks. Confluera is Co-Founded by Abhijit Ghosh, Niloy Mukherjee, and Bipul Sinha. Ghosh has a background in networking, security and real-time systems, Mukherjee’s background is in distributed computing, operational analytics, and artificial intelligence, and Sinha is the Co-Founder & CEO of Rubrik. For more information, visit http://www.confluera.com.
About Icon Ventures
Icon Ventures believes that great companies start with extraordinary entrepreneurs. Based in Palo Alto and San Francisco, Icon Ventures is a venture capital firm specializing in Series B and C financings. With over $1 billion under management, Icon leads financings alongside the most successful early-stage venture firms in companies that are category winners. Icon Ventures has generated numerous successful exits, including market-leading companies such as Aster Data (Teradata), Bill.com (BILL), FireEye (FEYE), 41st Parameter (Experian), Infinera (INFN), MoPub (Twitter), Opcity (News Corp), Palo Alto Networks (PANW), Proofpoint (PFPT) and Teladoc (TDOC). For more information visit: iconventures.com and follow @iconventures.