HIG Growth Partners invests in Corelight’s USD75m Series D financing
An affiliate of HIG Growth Partners (HIG) has invested in the Series D growth financing for Corelight, a cyber-security platform focused on network detection and response (“NDR”).
Founded in 2013 and based in San Francisco, Corelight is the industry’s first open NDR platform. Built on the de-facto open source network security monitoring platform, Zeek and leveraging the power of Suricata, an independent open source threat detection engine, Corelight provides security teams with the world’s best network evidence to close investigations quickly. This helps security operations teams to better inspect, respond, and remediate against sophisticated network threats. Corelight’s platform is used globally by some of the largest financial institutions, retail and healthcare organisations, critical infrastructure providers, and government agencies.
The Series D round includes new investors, HIG, Energy Impact Partners, CrowdStrike Falcon Fund, CapitalOne Ventures, and Gaingels, with additional participation from existing investors, including Accel, General Catalyst, Insight Partners, and Osage Venture Partners. The investment will be used to expand product development, marketing, and sales, as well as promote hiring of exceptional and diverse talent around the globe.
“This latest investment is a powerful affirmation not only of the network detection and response category, but also of our open-source heritage, data-centric approach, and commitment to customer success,” says Brian Dye, CEO of Corelight, in a press release announcing the financing this week. “I am grateful for our investors’ partnership as we help organisations around the world move to a data-driven security strategy.”
“Major high profile cyber-attacks have accelerated investment in leading cyber-security solutions to protect and defend critical network infrastructure,” says Scott Hilleboe, Managing Director of HIG Growth Partners. “We believe Corelight’s platform, rooted in a data-centric approach, is uniquely positioned to become the industry leader for network detection and response. We’re excited to support their next phase of growth.”