LogPoint, a Copenhagen, Denmark-based security information and event management (SIEM) and big data analytics platform, secured $10m in Series B funding.
Evolution Equity Partners made the investment. In conjunction with the funding, Richard Seewald, Founder and Managing Partner at Evolution, and Karel Obluk, partner at Evolution, will join the LogPoint Board of Directors.
The company intends to use the funds to expand in new markets and provide for continuous enhancement of the LogPoint Enterprise SIEM platform.
Led by Jesper Zerlang, CEO, LogPoint enables enterprises to proactively monitor their networks and rapidly detect and respond to cybersecurity threats and fulfills compliance and regulatory requirements, including auditing guidelines, ISO standards, UK GPG13 and the European Union GDPR.
The company delivers its product on premise and in the cloud and is designed for both in-house cybersecurity departments as well as managed security service providers (MSSP).
LogPoint achieved an EAL 3+ certification in 2015 in partnership with Boeing Defense, Space & Security, which facilitates partnerships with NATO, intelligence agencies, military and police entities and critical infrastructure in general.