Click Security – a pioneer in real-time security analytics – today announced it has secured $17 7 million in Series B financing The round was led by Lightspeed Venture Partners with additional participation from Citi Ventures and existing investor Sequoia Capital The new funds bring total financing in the company to $24 7 million and will be used to expand sales marketing and engineering initiatives
Since initial venture funding – received in September 2011 – Click Security has rapidly gained traction in the security analytics market with key customer wins across financial services higher education and retail Click Security’s Real-time Security Analytics automates the finding of unknown cyber attack activity hidden in an organization’s big data haystack The solution converts logs flows authentications and security events into contextual actor-based information – enabling security analysts to rapidly pinpoint anomalous activity through automated analytics and interactive visualization
Click’s core technology and solution approach has the potential to reshape the manner and speed of modern threat detection analysis and early stage response There still remains a significant gap in the way organizations safeguard against sophisticated attacks and Click is approaching this with a very interesting solution model said Mike Goguen Managing Partner Sequoia Capital
The business of global cybercrime by some estimates now exceeds 300 billion annually Traditional security defenses are clearly not getting the job done We believe Click Security has developed a unique approach to providing real-time visibility into the unknown – representing a game changer for organizations looking to take back their networks according to John Vrionis Partner Lightspeed Venture Partners
Click Security has an approach that spotlights malicious activity early in a predictive high accuracy and scalable manner That combined with the potential for an analytic exchange opens the door for a very different security analyst mindset Using predictive analytics to police network activity more proactively is a key part of Citi’s data security strategy and it’s an area of focus that we see as critical to the financial services industry added Arvind Purushotham Managing Director Citi Ventures
Having the backing of Lightspeed Venture Partners and Citi Ventures in addition to Sequoia Capital is a strong endorsement of the potential for Real-time Security Analytics – and it is perfectly timed to meet the industry’s mounting concern over cybercrime said Marc Willebeek- LeMair Click Security’s Chief Executive Officer We experienced the security industry’s shift from IDS to IPS when we founded TippingPoint a decade ago Given the evolution of the hacker threat complex and ever-changing attack surface and constrained time and expertise of most security teams the time has again come for a fundamentally new security approach This additional funding will enable us to accelerate a number of development and sales initiatives required to address the high interest for real-time security analytics ”
The recent funding follows a $7 0 million 2011 Series A round led by Sequoia Capital
About Click Security
Click Security is disrupting the network security ecosystem with breakthrough data contextualization visualization and analytics encoding required to automatically expose anomalous network activity before exfiltration or damage occurs Headquartered in Austin Texas the company’s focus on real-time analytics offers enterprises higher education critical infrastructure and government agencies a proactive security solution with unrivaled economics high-speed performance and scalability Please visit us at a href=”http://www clicksecurity com target=”_blank”>www clicksecurity com
