Corelight Secures $75 Million Series D Funding Round
This article is provided as a courtesy in the interest of full disclosure.
The networking giant Corelight raised $75 million in Series D financing on Tuesday, March 12th, bringing its total investment in capital to around $250 million. The company was founded in 2011, and is best known for their high-end security cameras. It has also been used for a variety of other services, such as enterprise network monitoring, application monitoring, business event monitoring, and video streaming.
The company uses OpenCL to deploy applications directly on its massive cloud platform with no prior programming knowledge as it runs on a single physical machine. The hardware is relatively inexpensive and can be added to many new computer configurations at a low cost. This is in contrast to the vast majority of other systems that use commodity hardware that are sold at a high price for specific applications. This low-end, single-node system is also less flexible, compared to, say, a server that can expand to multiple nodes.
The startup is currently hiring a series of engineers to grow its team and help it develop its own technology.
Corelight is now worth around $1. 4 billion, and has reached a total of 16 employees to date. The company has previously announced that it was looking for a Series D round of funding.
In order to meet its funding requirements, Corelight needed to raise a large amount of capital. The company had previously been in discussions with both companies who were looking to expand their business.
The $75 million round was led by GGV Capital, and was led by Mark Schulz, the former CTO of Oracle, along with others representing various angels and venture capital firms.
Scheduled to be announced on April 8th, the company will present the new funding round to the public at a presentation hosted by a number of major media outlets.
According to CEO Richard Brown, “We’re not going to wait for an announcement from a VC, as there aren’t many VCs that are looking for a long-term business partner. That’s why we’ve been getting an influx of media attention from all over the world that has been truly inspiring.
Corelight secures $75 million in Series D investment led by Energy Impact Partners.
The corelight security company has received investment from energy and security giant Enron to expand into the $75 million Series D funding round that was announced today. The investment is led by Enron’s Energy Impact Partners and is used to expand the size of the corelight customer base and to further develop its technology. The company has a total of 22 customers and it plans to double its customer base in the next 3 years. This investment from Enron provides significant support to Corelight to enhance its position as a leading global provider of lighting security and analytics.
A number of media and public-interest organizations on Tuesday released a “survey” of 1,200 companies that, the companies say, demonstrate the benefits of lighting security.
The companies were asked to rate the value of their business as a result of lighting security, according to the company website. The survey was conducted by The Public Opinion Foundation.
“The survey showed the public is more interested in security than ever,” said Paul Allen, president and CEO of Corelight, whose company issued the survey. “This survey shows the value of our products and our security solutions.
The results are based on the responses of customers of eight publicly reported security products—five companies own lights themselves and three were third-party contractors—to assess the companies’ security awareness.
The companies participating in the survey include four of the top 10 lighting-security companies in the world, including Corelight and several other U.
Strategic investors in Corelight.
H.I.G. Growth Partners
The new book on the subject, written by a team of researchers, is the result of a decade long effort. It is the first comprehensive analysis of the threat from state-sponsored Chinese cyberspying since the Chinese government launched a campaign against the New York Times back in 2007. This book was published by the security-oriented online publication the International Journal of Cyber-Security.
This is an interesting book. For the most part, it is an academic work, and one should be expected to skim it, but a few important points that will be especially of interest to computer security specialists are addressed.
Tips of the Day in Network Security
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