{"id":1038,"date":"2017-09-20T09:25:55","date_gmt":"2017-09-20T13:25:55","guid":{"rendered":"https:\/\/solutionsreview.com\/security-information-event-management\/?p=1038"},"modified":"2017-09-20T09:25:55","modified_gmt":"2017-09-20T13:25:55","slug":"eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/","title":{"rendered":"EiQ Networks Changes Name to Cygilant, Grabs $7 Million in Funding"},"content":{"rendered":"

\"\"<\/span><\/strong>Security intelligence solutiosn vendor<\/span>\u00a0<\/span><\/strong>EiQ Networks<\/span><\/a>,<\/span>\u00a0has announced a name change, rebranding itself to Cygilant. The company also announced that\u00a0<\/span>it has raised an additional $7 million in growth capital, bringing the total amount received to date to $38 million. .\u00a0Arrowroot Capital<\/a>, a growth equity firm based in Santa Monica, California, led this round of funding.<\/p>\n

Cygilant<\/a>\u00a0will use the new funding to accelerate development of\u00a0SOCVue<\/a>, its Security Operations and Analytics Platform. In addition to adding more security engineers to the company\u2019s global security operations centers (GSOCs), the company says it will use the investment to provide working capital to accelerate new customer acquisition and fund customer success programs.<\/p>\n

The company first secured institutional financing in 2009 with a $10 million round led by Venrock Associates. With this new funding, Cygilant has raised $38 million in total funding to date. In each of the last two years, the company grew its SOCVue customer base by more than 100 percent, while securing more than three dozen partners, and achieving 125 percent year-over-year SaaS revenue growth.<\/p>\n

\u201cWith this new growth capital we\u2019ll be able to continue on our mission to protect resource-constrained organizations from the growing menace of cyber threats they face daily, along with the increasingly complicated regulatory mandates they must comply with,\u201d said Vijay Basani, Chairman, President, and CEO of Cygilant. \u201cArrowroot Capital shares our vision for meeting the cybersecurity challenges that many companies face because they are understaffed, under budgeted, and overwhelmed.\u201d<\/p>\n

\u201cThe additional $7 million growth investment demonstrates our confidence\u00a0in\u00a0Cygilant, not only because of their success in the market so far,\u00a0and\u00a0growth potential,\u00a0but also\u00a0because of how the\u00a0company\u00a0differentiates\u00a0itself from other security as a service\u00a0providers,\u201d said Matthew Safaii,\u00a0Founder\u00a0and Managing Partner\u00a0of Arrowroot Capital and\u00a0Cygilant\u00a0board member. \u201cCygilant\u00a0brings a unique blend of people, process, and technology\u00a0combined with\u00a0an\u00a0unwavering commitment to customer success\u00a0that is\u00a0unmatched by its competitors. This approach is a clear winner for the mid-market, which unlike the Fortune 500\u00a0is met by multiple challenges\u00a0—\u00a0including\u00a0a\u00a0limited\u00a0IT budget\u00a0—\u00a0which prohibits hiring\u00a0a\u00a0team of\u00a0experienced security analysts required to\u00a0detect, protect,\u00a0and respond\u00a0successfully\u00a0to modern day cyber attacks.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Security intelligence solutiosn vendor\u00a0EiQ Networks,\u00a0has announced a name change, rebranding itself to Cygilant. The company also announced that\u00a0it has raised an additional $7 million in growth capital, bringing the total amount received to date to $38 million. .\u00a0Arrowroot Capital, a growth equity firm based in Santa Monica, California, led this round of funding. Cygilant\u00a0will use […]<\/p>\n","protected":false},"author":24,"featured_media":892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[447,371,404,82],"acf":[],"yoast_head":"\nEiQ Networks Changes Name to Cygilant, Grabs $7 Million in Funding<\/title>\n<meta name=\"description\" content=\"Security intelligence solutiosn vendor\u00a0EiQ Networks,\u00a0has announced a name change, rebranding itself to Cygilant. The company also announced that\u00a0it has\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EiQ Networks Changes Name to Cygilant, Grabs $7 Million in Funding\" \/>\n<meta property=\"og:description\" content=\"Security intelligence solutiosn vendor\u00a0EiQ Networks,\u00a0has announced a name change, rebranding itself to Cygilant. The company also announced that\u00a0it has\" \/>\n<meta property=\"og:url\" content=\"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"SIEM Tools & Security Event Management | Solutions Review\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-20T13:25:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2017\/05\/eiq-socvue.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"661\" \/>\n\t<meta property=\"og:image:height\" content=\"335\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Edwards\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeff Edwards\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/\",\"url\":\"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/\",\"name\":\"EiQ Networks Changes Name to Cygilant, Grabs $7 Million in Funding\",\"isPartOf\":{\"@id\":\"https:\/\/solutionsreview.com\/security-information-event-management\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2017\/05\/eiq-socvue.jpg\",\"datePublished\":\"2017-09-20T13:25:55+00:00\",\"dateModified\":\"2017-09-20T13:25:55+00:00\",\"author\":{\"@id\":\"https:\/\/solutionsreview.com\/security-information-event-management\/#\/schema\/person\/3d31b4b6a777a91476a65c087be260e6\"},\"description\":\"Security intelligence solutiosn vendor\u00a0EiQ Networks,\u00a0has announced a name change, rebranding itself to Cygilant. The company also announced that\u00a0it has\",\"breadcrumb\":{\"@id\":\"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/#primaryimage\",\"url\":\"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2017\/05\/eiq-socvue.jpg\",\"contentUrl\":\"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2017\/05\/eiq-socvue.jpg\",\"width\":661,\"height\":335},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/solutionsreview.com\/security-information-event-management\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EiQ Networks Changes Name to Cygilant, Grabs $7 Million in Funding\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/solutionsreview.com\/security-information-event-management\/#website\",\"url\":\"https:\/\/solutionsreview.com\/security-information-event-management\/\",\"name\":\"SIEM Tools & Security Event Management | Solutions Review\",\"description\":\"Evaluating Enterprise SIEM Systems, Log Management Analytics & SOAR Platforms.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/solutionsreview.com\/security-information-event-management\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/solutionsreview.com\/security-information-event-management\/#\/schema\/person\/3d31b4b6a777a91476a65c087be260e6\",\"name\":\"Jeff Edwards\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/security-information-event-management\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8471d2b63e0587b41d829ecc153ba8e7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8471d2b63e0587b41d829ecc153ba8e7?s=96&d=mm&r=g\",\"caption\":\"Jeff Edwards\"},\"description\":\"Jeff Edwards is an enterprise technology writer and analyst covering Identity Management, SIEM, Endpoint Protection, and Cybersecurity writ large. He holds a Bachelor of Arts Degree in Journalism from the University of Massachusetts Amherst, and previously worked as a reporter covering Boston City Hall.\",\"sameAs\":[\"https:\/\/solutionsreview.com\",\"https:\/\/x.com\/InfoSec_Review\"],\"url\":\"https:\/\/solutionsreview.com\/security-information-event-management\/author\/jedwards\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EiQ Networks Changes Name to Cygilant, Grabs $7 Million in Funding","description":"Security intelligence solutiosn vendor\u00a0EiQ Networks,\u00a0has announced a name change, rebranding itself to Cygilant. The company also announced that\u00a0it has","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/","og_locale":"en_US","og_type":"article","og_title":"EiQ Networks Changes Name to Cygilant, Grabs $7 Million in Funding","og_description":"Security intelligence solutiosn vendor\u00a0EiQ Networks,\u00a0has announced a name change, rebranding itself to Cygilant. The company also announced that\u00a0it has","og_url":"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/","og_site_name":"SIEM Tools & Security Event Management | Solutions Review","article_published_time":"2017-09-20T13:25:55+00:00","og_image":[{"width":661,"height":335,"url":"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2017\/05\/eiq-socvue.jpg","type":"image\/jpeg"}],"author":"Jeff Edwards","twitter_misc":{"Written by":"Jeff Edwards","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/","url":"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/","name":"EiQ Networks Changes Name to Cygilant, Grabs $7 Million in Funding","isPartOf":{"@id":"https:\/\/solutionsreview.com\/security-information-event-management\/#website"},"primaryImageOfPage":{"@id":"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/#primaryimage"},"image":{"@id":"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/#primaryimage"},"thumbnailUrl":"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2017\/05\/eiq-socvue.jpg","datePublished":"2017-09-20T13:25:55+00:00","dateModified":"2017-09-20T13:25:55+00:00","author":{"@id":"https:\/\/solutionsreview.com\/security-information-event-management\/#\/schema\/person\/3d31b4b6a777a91476a65c087be260e6"},"description":"Security intelligence solutiosn vendor\u00a0EiQ Networks,\u00a0has announced a name change, rebranding itself to Cygilant. The company also announced that\u00a0it has","breadcrumb":{"@id":"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/#primaryimage","url":"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2017\/05\/eiq-socvue.jpg","contentUrl":"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2017\/05\/eiq-socvue.jpg","width":661,"height":335},{"@type":"BreadcrumbList","@id":"https:\/\/solutionsreview.com\/security-information-event-management\/eiq-networks-changes-name-to-cygilant-grabs-7-million-in-funding\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/solutionsreview.com\/security-information-event-management\/"},{"@type":"ListItem","position":2,"name":"EiQ Networks Changes Name to Cygilant, Grabs $7 Million in Funding"}]},{"@type":"WebSite","@id":"https:\/\/solutionsreview.com\/security-information-event-management\/#website","url":"https:\/\/solutionsreview.com\/security-information-event-management\/","name":"SIEM Tools & Security Event Management | Solutions Review","description":"Evaluating Enterprise SIEM Systems, Log Management Analytics & SOAR Platforms.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/solutionsreview.com\/security-information-event-management\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/solutionsreview.com\/security-information-event-management\/#\/schema\/person\/3d31b4b6a777a91476a65c087be260e6","name":"Jeff Edwards","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/solutionsreview.com\/security-information-event-management\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8471d2b63e0587b41d829ecc153ba8e7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8471d2b63e0587b41d829ecc153ba8e7?s=96&d=mm&r=g","caption":"Jeff Edwards"},"description":"Jeff Edwards is an enterprise technology writer and analyst covering Identity Management, SIEM, Endpoint Protection, and Cybersecurity writ large. He holds a Bachelor of Arts Degree in Journalism from the University of Massachusetts Amherst, and previously worked as a reporter covering Boston City Hall.","sameAs":["https:\/\/solutionsreview.com","https:\/\/x.com\/InfoSec_Review"],"url":"https:\/\/solutionsreview.com\/security-information-event-management\/author\/jedwards\/"}]}},"_links":{"self":[{"href":"https:\/\/solutionsreview.com\/security-information-event-management\/wp-json\/wp\/v2\/posts\/1038"}],"collection":[{"href":"https:\/\/solutionsreview.com\/security-information-event-management\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solutionsreview.com\/security-information-event-management\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solutionsreview.com\/security-information-event-management\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/solutionsreview.com\/security-information-event-management\/wp-json\/wp\/v2\/comments?post=1038"}],"version-history":[{"count":0,"href":"https:\/\/solutionsreview.com\/security-information-event-management\/wp-json\/wp\/v2\/posts\/1038\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solutionsreview.com\/security-information-event-management\/wp-json\/wp\/v2\/media\/892"}],"wp:attachment":[{"href":"https:\/\/solutionsreview.com\/security-information-event-management\/wp-json\/wp\/v2\/media?parent=1038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solutionsreview.com\/security-information-event-management\/wp-json\/wp\/v2\/categories?post=1038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solutionsreview.com\/security-information-event-management\/wp-json\/wp\/v2\/tags?post=1038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}