LogRhythm, a Boulder, CO-based security intelligence company, closed a $50m financing round.
The round was was led by existing investor Riverwood Capital with participation from Adams Street Partners, Siemens Venture Capital, Delta-v Capital and members of the LogRhythm management team as well as new investors EDBI, the dedicated investment arm of the Singapore Economic Development Board, Exclusive Ventures, the investment affiliate of Exclusive Networks, and Silver Lake Waterman.
The company intends to use the funds to continue expanding its worldwide market presence, extend its investment in innovation and strengthen its balance sheet.
Led by Andy Grolnick, president and CEO, LogRhythm provides a security intelligence and analytics platform that unifies next-generation SIEM, log management, network and endpoint monitoring, and advanced security analytics to detect, respond to and neutralize damaging cyber threats.
The company also has operations throughout North and South America, Europe and the Asia Pacific region.