The company expands its portfolio by rolling out a private cloud version of its Autonomous Detection and Response platform
Confluera announced that it raised over $20 million inSeries B funding led by Icon Ventures to unlock the future of cyber threat detection and response. Icon Ventures’ General Partner, Preeti Rathi, will 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 itsSeries A of $9 million and coming out of stealth at the BlackHat 2019conference.
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. TheConfluera platform redefines the enterprise security paradigm by providing abroad 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.
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“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 realpent-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.”
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