Capital One Ventures is to invest $24m in Securonix, an Addision, TX-based provider of a cloud SIEM platform in conjunction with a strategic partnership.
Securonix also announced that Jay Emmanuel, Partner at Capital One Ventures, is joining the company’s board of directors as a board observer.
The strategic investment allows Securonix to continue to accelerate growth. Through this partnership, Securonix will collaborate with the Capital One team to develop new product use cases for monitoring cyberattacks, insider threats, fraud, application security, and OT/IoT security, and drive wider adoption of its platform across financial services and other industry segments.
Led by Sachin Nayyar, CEO, Securonix offers SaaS-based, multi-tenant security analytics that provide complete visibility and unlimited scalability with no infrastructure cost. The company currently serves five of the Global Fortune 10 and has a growing customer base across industry verticals and geographies.