Anomali Raises $30M in Series C Funding to Advance Its Vision
The security vendor formerly known as ThreatStream takes on new funding to advance its new technology direction.Security vendor Anomali today announced a new $30 million Series C round of funding, bringing total funding to date for the company to $56 million since it was launched in 2013. Anomali will use the new round of funding—which was led by Institutional Venture Partners (IVP) and includes investments from General Catalyst Partners, GV (formerly Google Ventures) and Paladin Capital Group—to properly support its new technology direction, which was first announced on Feb. 29. Previously known as ThreatStream, the company rebranded itself as Anomali as part of the new product focus. Hugh Njemanze, CEO of Anomali, noted that there has been some discussion in the financial community about venture investment drying up in 2016. While that might be true for some companies, he said investors have told him that competition is heating up for the companies that are worth investing in. "We launched two new products recently, so the motivation behind the Series C round is to make sure we can organically support the new products and customer growth," Njemanze said. "It's basically operational money to run with everything we have just introduced."
One product that Anomali just introduced is Anomali Reports, a software-as-a-service (SaaS) platform for matching customer log data against threat intelligence to fully identify potential indicators of compromise (IOCs). The second product, Anomali Enterprise (originally called Harmony Breach Analytics), provides on-premises capabilities that can be deployed next to a Security Information and Event Manager (SIEM) technology, offloading the problem of matching IOCs to events.