Total amount raised
$84.4 Millions
Latest funding date
4/1/2024
Location
Anvilogic has successfully raised significant funding over multiple rounds, with its latest being a Series C. The company specializes in a detection engineering platform that leverages AI to optimize threat detection across various data environments.
Keep reading to explore the intricacies of Anvilogic's fundraising journey and the investors backing this innovative platform.
What Is Anvilogic?
Founded in 2019, Anvilogic is based in Palo Alto, California. The company was established by Deb Banerjee and Karthik Kannan.
Anvilogic specializes in a Multi-Data Platform SIEM, which is designed to enhance threat detection, investigation, and hunting capabilities for Enterprise SOC teams. Their platform integrates with existing SIEMs and adopts a data lake for advanced analytics.
With a team of 101-250 employees, Anvilogic continues to innovate in the field of detection engineering, leveraging AI to optimize security operations.
How Much Funding Has Anvilogic Raised?
- Seed Round
- Amount Raised: $4.4M
- Date: September 2020
- Lead Investors: Foundation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their multi-data platform SIEM and establish a foothold in the cybersecurity market.
- Series A
- Amount Raised: $10M
- Date: May 2021
- Lead Investors: Cervin Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and enhance threat detection features.
- Series B
- Amount Raised: $25M
- Date: July 2022
- Lead Investors: Outpost Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and integrate advanced analytics into their SIEM platform.
- Series C
- Amount Raised: $45M
- Date: April 2024
- Lead Investors: Evolution Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance generative AI capabilities and promote the adoption of their security data lake in SOCs.
Total Amount Raised: $84.4M. Current Valuation: Not publicly disclosed.
Key Investors
- Evolution Equity Partners
- Details: Evolution Equity Partners is a venture capital firm that invests in growth-stage technology companies. They led Anvilogic's Series C funding round.
- Investment Focus Areas: Cybersecurity, enterprise software, data analytics.
- Notable Investments: Not publicly disclosed.
- Outpost Ventures
- Details: Outpost Ventures is a venture capital firm that invests in innovative technology companies. They participated in Anvilogic's Series B and Series C funding rounds.
- Investment Focus Areas: Innovative technology, early-stage startups, enterprise solutions.
- Notable Investments: Not publicly disclosed.
- Cervin Ventures
- Details: Cervin Ventures is a venture capital firm focusing on early-stage investments in enterprise technology. They led Anvilogic's Series A funding round.
- Investment Focus Areas: Enterprise technology, SaaS, cloud computing.
- Notable Investments: Not publicly disclosed.
- Foundation Capital
- Details: Foundation Capital is a venture capital firm that invests in early-stage technology companies. They led Anvilogic's Seed Round.
- Investment Focus Areas: Early-stage technology, fintech, enterprise software.
- Notable Investments: Not publicly disclosed.
- Point72 Ventures
- Details: Point72 Ventures is the venture capital arm of Point72 Asset Management, investing in early-stage technology companies. They participated in Anvilogic's Series C funding round.
- Investment Focus Areas: Early-stage technology, artificial intelligence, financial technology.
- Notable Investments: Not publicly disclosed.
What's Next for Anvilogic?
With the recent $45 million Series C funding, Anvilogic is poised to expand its generative AI capabilities across the entire SOC lifecycle. This move aims to enhance market penetration and streamline security operations, addressing the growing need for scalable and efficient data management solutions in cloud environments.
As the company continues to grow, future fundraising opportunities seem promising, especially given the strategic backing from multiple venture capital firms. However, Anvilogic may face challenges such as high costs associated with traditional SIEM systems and competition from other cybersecurity providers. Ensuring seamless integration of security analytics across various data lakes without replacing existing SIEM systems will be crucial for their success.
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