Total amount raised
$309.2 Millions
Latest funding date
4/1/2024
Location
Corelight has successfully raised $150 million in its Series E funding round, with notable participation from Accel, Cisco Investments, and CrowdStrike. The company specializes in network traffic analysis solutions, leveraging the Bro open-source framework to enhance cybersecurity measures.
Keep reading to explore the intricacies of Corelight's fundraising journey and the investors backing this innovative platform.
What Is Corelight?
Corelight, founded in 2013, is a cybersecurity company based in San Francisco, California. The company specializes in network traffic analysis solutions, leveraging open-source tools like Zeek and Suricata to provide comprehensive network visibility and security.
Corelight was founded by Gregory Bell, Robin Sommer, Seth Hall, and Vern Paxson. The company offers a range of products, including the Open NDR Platform, Smart PCAP, and Investigator, which help organizations detect, investigate, and respond to network threats.
With a team of 251-500 employees, Corelight continues to innovate in the field of network detection and response, providing security professionals with the tools they need to understand network traffic and stop cyberattacks.
How Much Funding Has Corelight Raised?
- Series A
- Amount Raised: $9.2M
- Date: July 2017
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product development and market reach.
- Series B
- Amount Raised: $25M
- Date: September 2018
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance network detection capabilities.
- Series C
- Amount Raised: $50M
- Date: October 2019
- Lead Investors: Accel, Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series D
- Amount Raised: $75M
- Date: September 2021
- Lead Investors: Energy Impact Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI-driven security innovation and cloud-native capabilities.
- Series E
- Amount Raised: $150M
- Date: April 2024
- Lead Investors: Accel, with participation from Cisco Investments and CrowdStrike
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support 300% year-over-year growth in AI and SaaS-driven NDR revenue.
Total Amount Raised: $309.2M. Current Valuation: Not publicly disclosed.
Key Investors
- Accel
- Details: Accel is a global venture capital firm that invests in early-stage and growth-stage technology companies. They were the first capital investor in Corelight.
- Investment Focus Areas: Technology companies, early-stage, growth-stage.
- Notable Investments: Facebook, Dropbox, Slack.
- Cisco Investments
- Details: Cisco Investments is the corporate venture capital arm of Cisco, focusing on strategic investments in innovative technology companies. They aim to drive visibility and security across hybrid and multi-cloud environments.
- Investment Focus Areas: Networking, security, cloud.
- Notable Investments: ThousandEyes, AppDynamics, Duo Security.
- CrowdStrike Falcon Fund
- Details: The CrowdStrike Falcon Fund is the investment arm of CrowdStrike, a leading cybersecurity company. They focus on investments that enhance cybersecurity capabilities and complement CrowdStrike's technology.
- Investment Focus Areas: Cybersecurity, next-gen SIEM, security analyst capabilities.
- Notable Investments: Corelight, other complementary cybersecurity solutions.
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in powerful, positive change that endures. They led Corelight's Series B funding round.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Airbnb, Stripe, Snap.
- Energy Impact Partners
- Details: Energy Impact Partners is a global investment firm leading the transition to a sustainable energy future. They led Corelight's Series D funding round.
- Investment Focus Areas: Energy, sustainability, technology.
- Notable Investments: Arcadia, Stem, Opus One Solutions.
What's Next for Corelight?
Corelight stands at the cusp of significant growth, driven by opportunities in AI-driven security innovation and cloud-native capabilities. With a 300% year-over-year increase in AI and SaaS-driven NDR solutions, the company is poised to capitalize on the growing demand for advanced cybersecurity measures. Strategic partnerships with industry leaders like Cisco and CrowdStrike further enhance Corelight's market position.
Future fundraising seems promising, given the company's robust growth metrics and strategic alliances. However, Corelight must navigate challenges such as intense competition and the rapidly evolving threat landscape. Maintaining seamless integration with existing systems and scaling operations without compromising service quality will be crucial for sustained success.
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