SOURCE: AlienVault

AlienVault

December 20, 2013 09:00 ET

Intel Capital Joins AlienVault Series D Funding Round

Strategic Investment Completes $30 Million Funding Round

SAN MATEO, CA--(Marketwired - Dec 20, 2013) - AlienVault, the leading provider of Unified Security Management™ (USM) solutions and crowd-sourced threat intelligence, today announced that Intel Capital has joined its Series D funding round, closing the round at $30 million. AlienVault's Series D round was first announced in September, and led by GGV Capital, with strong participation from Trident Capital, Kleiner Perkins Caufield & Byers (KPCB), Sigma West, Adara Venture Partners, Top Tier Capital and Correlation Ventures.

"AlienVault' s USM platform targeted at small and medium businesses provides a comprehensive yet affordable security solution," said Maurits Tichelman, GM of Intel's Reseller Channel Organization. "We look forward to introducing AlienVault to our global network of 150,000 Intel Technology Providers who can provide unique key services, a Managed Security Service Platform, and distribution of the AlienVault Security offering to their customer base."

"This is a great strategic extension of our Series D round," said Barmak Meftah, president and CEO of AlienVault. "Intel Capital brings with it knowledgeable insights and a robust network of technology innovators and channel partners that will enable AlienVault to reach the broad mid-market even more quickly and innovate in ways that make threat prevention, detection and response easier to afford and achieve."

"GGV Capital welcomes Intel Capital's investment in AlienVault in the Series D round," said Glenn Solomon, partner at GGV Capital and member of AlienVault's Board of Directors. "AlienVault has been growing rapidly and has the opportunity to scale meaningfully in the future. GGV Capital's focus on supporting companies in the expansion phase, and Intel Capital's shared emphasis on helping start-ups scale their businesses and build strong channel relationships, will serve AlienVault well, as the company amplifies its reach to the mid-market, and leads the industry toward a better threat sharing paradigm."

"AlienVault has seen tremendous growth over the last five years," said J. Alberto Yépez, AlienVault's Chairman of the Board of Directors and Managing Director at Trident Capital. "As AlienVault continues to expand its reach to the mid-market and build upon its global presence, Intel's channel partners and robust network of technology innovators will further open doors for the growing security company."

With the Series D funding, AlienVault will continue to scale the company's global sales and marketing programs. It will also enable the company to increase investments in product innovation and expand its OTX platform, the largest crowd-sourced repository for threat information around the world, counting more than 8,000 contributors from 140 countries, and growing rapidly.

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About Intel Capital
Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,322 companies in 54 countries. In that timeframe, 204 portfolio companies have gone public on various exchanges around the world and 336 were acquired or participated in a merger. In 2012, Intel Capital invested US$352 million in 150 investments with approximately 57 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.

About AlienVault
AlienVault's Unified Security Management™ solution (USM) provides a fast and cost-effective way for organizations with limited security staff and budget to address compliance and threat management needs. With all of the essential security controls built-in, USM puts enterprise-class security visibility within fast and easy reach of smaller security teams who need to do more with less. AlienVault's Open Threat Exchange™ is an open and collaborative initiative for security professionals to connect with their peers, and learn about the latest threats and defensive tactics from industry experts and security researchers. AlienVault is a privately held company headquartered in Silicon Valley and backed by Trident Capital, Kleiner Perkins Caufield & Byers, GGV Capital, Sigma West, Intel Capital, Adara Venture Partners, Top Tier Capital and Correlation Ventures. For more information visit www.AlienVault.com or follow us on Twitter

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