Alert Logic, a Houston-based provider of SaaS managed security service solutions, has closed a $12.2m financing.
The round was led by new investors Industry Ventures and DH Capital, with participation from all existing investors Updata Partners, Covera Ventures, DFJ Mercury, OCA Ventures and Access Venture Partners, and members of the company’s management team.
The company intends to use the funding to accelerate the growth of its new Web Security Manager product line (including deployment of Web Security Manager throughout its channel of hosting and cloud service provider partners), and adoption of its new elastic cloud security solutions.
Founded in 2002 and led by Gray Hall, president and CEO, Alert Logic provides its customer base of 1,700 enterprises with advanced security tools to secure the application and infrastructure stack. It also offers an outsourced and managed SaaS delivery model, and integrated 24×7 Security Operations Center (SOC).
FinSMEs
05/06/2012