NitroSecurity Secures $6M in Series B Funding

NitroSecurity, Inc., a Portsmouth, NH-based provider of security information and event management solutions designed to give analysts more effective tools to defend their data, has secured $6m in Series B funding.
The company also acquired the security business of LogMatrix.
The round was co-led by existing investors Brookline Venture Partners, First Analysis and NewSpring Ventures.
The new capital will be used to expand NitroSecurity’s domestic and international market presence, evolve the SIEM product family, fund future acquisitions, and integrate LogMatrix’s risk-based assessment and correlation technologies.
Domestically, the company is increasing its investments in the federal, healthcare and critical infrastructure markets. Internationally, it is expanding its presence in the EMEA, Asia Pacific and Latin American security markets.
NitroSecurity currently serves more than 500 organizations in the energy, healthcare, education, financial services, government, retail, hospitality and managed services industries.

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