Securonix, a Redwood Shores, CA-based big data security analytics provider, raised $29M in Series A funding.
The round was led by Volition Capital with participation from Eight Roads Ventures. In conjunction with the funding, Roger Hurwitz of Volition Capital will be joining the Securonix Board of Directors.
The company intends to use the funds to accelerate investment in technology innovation, and expansion in domestic and global markets.
Led by Sachin Nayyar, CEO and Founder, Securonix provides enterprise with a security analytics platform that uses Hadoop and machine learning technology to consume, enriche and analyze massive volumes of data in real-time to detect and prioritize the highest insider threat, cyber threat, cloud and fraud attacks automatically and accurately.
The company serves customers spanning across industry verticals and including more than a third of the Fortune 500 companies and employs over 300 people located across the globe.