{"id":7562,"date":"2017-07-20T18:54:14","date_gmt":"2017-07-20T18:54:14","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/corelight-closes-9-2m-series-a-to-help-enterprises-battle-ransomware.html"},"modified":"2017-07-20T18:54:14","modified_gmt":"2017-07-20T18:54:14","slug":"corelight-closes-9-2m-series-a-to-help-enterprises-battle-ransomware","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/corelight-closes-9-2m-series-a-to-help-enterprises-battle-ransomware.html","title":{"rendered":"Corelight closes $9.2M Series A to help enterprises battle ransomware"},"content":{"rendered":"


\n<\/p>\n

It\u2019s already been a year of multiple high profile ransomware attacks<\/a>\u00a0and now cybersecurity startup Corelight<\/a> has bagged a $9.2 million Series A round, led by Accel Partners. Osage University Partners and Riverbed Technology Co-founder Dr Steve McCanne also participated in the round.<\/p>\n

Preventing ransomware is among the listed use-cases for the startup\u2019s first product, the Corelight Sensor, which it describes as a \u201cflight data recorder\u201d for its target enterprise customers\u2019 networks \u2014 allowing them to \u201cquickly\u201d and \u201ceasily\u201d go back in time to try to understand sophisticated cyber attacks.<\/p>\n

As well as\u00a0investigating and preventing ransomware, the product aims to address other security threats \u2014 including denial of service, unauthorized access, misconfiguration, abuse, exfiltration of data, malware infection, insider threat, port scanning, advanced persistent threat, plus phishing and other mail-based attacks or incidents.<\/p>\n

Corelight\u2019s investment comes against a backdrop of existing enterprise market traction for its network visibility products \u2014 which\u00a0are themselves built atop a widely used open source framework (called Bro<\/a>) which co-founder\u00a0Dr Vern Paxson began developing all the way back in 1995 when he was working at the Lawrence Berkeley National Laboratory. Users of the Bro framework are slated to include Amazon and\u00a0Deloitte.<\/p>\n

The team\u2019s route for commercializing their open source framework is via Corelight\u2019s turn-key solutions for\u00a0enterprise network visibility which they say reduce deployment time and complexity.<\/p>\n

The Corelight Sensor also offers paying customers a \u201ccomprehensive\u201d API; enterprise integrations for Splunk, Amazon S3 and Kafka; performance optimizations yielding \u201c3-4x higher data processing throughput compared to standard servers\u201d; a \u201chigh performance\u201d FPGA-based network interface card; optimized file extraction and log filtering.<\/p>\n

Commenting on the Series A in a statement, Accel\u2019s Eric Wolford, said: \u201cWe often invest in very widely-used open source projects. But it\u2019s uncommon for them to have much enterprise market traction. And what\u2019s highly unusual for a Series A company like Corelight is to have a shipping product built on battle-hardened open source software and dozens of paying customers including six of the Fortune 100, plus one of the largest private companies in the US. I\u2019ve never seen that before.\u201d<\/p>\n

Corelight said the Series A funding will be used to accelerate its growth plans to meet market demand for its products through investments in sales, marketing and engineering.<\/p>\n

\u201cWe\u2019re busy working on a series of new features customers are asking for so they can focus effort away from sensor management and towards higher-value activities like data analysis, threat hunting and incident response,\u201d noted Greg Bell, CEO of Corelight, in a statement.<\/p>\n

\u201cWe help our customers solve cybersecurity problems faster than they can today, often decreasing the time to resolve incidents from hours and days down to minutes. This new investment will accelerate our progress.\u201d<\/p>\n

Prior to taking in VC funding, the San Francisco-based company has been supported by an SBIR<\/a> grant, while the Bro project was initially funded by the National Science Foundation at the International Computer Science Institute.<\/p>\n

<\/p>\n

Featured Image: Bryce Durbin<\/small><\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/S9u7EQg9M-o\/<\/p>","protected":false},"excerpt":{"rendered":"

It\u2019s already been a year of multiple high profile ransomware attacks\u00a0and now cybersecurity startup Corelight has bagged a $9.2 million Series A round, led by Accel Partners. Osage University Partners <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-7562","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t