{"id":599,"date":"2016-09-01T15:31:51","date_gmt":"2016-09-01T19:31:51","guid":{"rendered":"https:\/\/solutionsreview.com\/security-information-event-management\/?p=599"},"modified":"2017-08-14T12:49:28","modified_gmt":"2017-08-14T16:49:28","slug":"logrhythm-50mil-funding-round","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/security-information-event-management\/logrhythm-50mil-funding-round\/","title":{"rendered":"$IEM: LogRhythm Closes $50M Funding Round"},"content":{"rendered":"<p style=\"text-align: justify\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-436\" src=\"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2016\/05\/logs1.jpg\" alt=\"logs1\" width=\"800\" height=\"350\" srcset=\"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2016\/05\/logs1.jpg 800w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2016\/05\/logs1-300x131.jpg 300w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2016\/05\/logs1-768x336.jpg 768w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2016\/05\/logs1-600x263.jpg 600w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2016\/05\/logs1-180x79.jpg 180w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2016\/05\/logs1-400x175.jpg 400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>LogRhythm has announced the close a $50 million round of new financing.The new funding was led by existing investor Riverwood Capital with participation by Adams Street Partners, Siemens Venture Capital, Delta-v Capital and members of the LogRhythm management team.<\/p>\n<p style=\"text-align: justify\">The round also includes new investors EDBI, the dedicated investment arm of the Singapore Economic Development Board, headquartered in Singapore; Exclusive Ventures, the investment affiliate of Exclusive Networks, LogRhythm\u2019s distributor in the EMEA region; and Silver Lake Waterman, Silver Lake\u2019s late stage growth fund.<\/p>\n<p style=\"text-align: justify\">The growing market for rapid threat detection and response solutions is expected to reach $23 billion by 2020 based on research by Gartner. LogRhythm has been positioned as a \u2018Leader\u2019 in the Gartner SIEM Magic Quadrant for five consecutive years and has improved its position each year.<\/p>\n<p style=\"text-align: justify\">LogRhythm combines SIEM, Log Management, File Integrity Monitoring and Machine Analytics with Host and Network Forensics in a unified Security Intelligence Platform. Its SIEM solutions are mostly accommodating for midsize to large enterprises. Their SIEM consists of several unified components: the Event Manager, Log Manager, Advanced Intelligence Engine (AI Engine), and Console. It combines SIEM capabilities with endpoint monitoring, forensics, and management abilities to ease with deployment. The company also offers a popular <a href=\"https:\/\/logrhythm.com\/network-monitor-freemium\/\" target=\"_blank\" rel=\"noopener\">free network monitoring solution<\/a>.<\/p>\n<p style=\"text-align: justify\">\u201cWe\u2019re very pleased to continue our partnership with our existing investors while also making room in an over-subscribed round for several new investors who can help our ongoing international expansion,\u201d said Andy Grolnick, president and CEO of LogRhythm. \u201cWe\u2019re in the early stages of a fundamental market shift. Organizations around the world recognize that advanced detection and response capabilities need to be at the core of their cyber security strategies, and IT security budgets continue to shift in this direction from a traditionally prevention-centric set of priorities. LogRhythm has a tremendous opportunity ahead, as we become the platform of choice for powering customers\u2019 next-generation security operation centers.\u201d<\/p>\n<br \/>Widget not in any sidebars<br \/>\n<br \/>Widget not in any sidebars<br \/>\n","protected":false},"excerpt":{"rendered":"<p>LogRhythm has announced the close a $50 million round of new financing.The new funding was led by existing investor Riverwood Capital with participation by Adams Street Partners, Siemens Venture Capital, Delta-v Capital and members of the LogRhythm management team. The round also includes new investors EDBI, the dedicated investment arm of the Singapore Economic Development [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[104,36,82,289,290],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$IEM: LogRhythm Closes $50M Funding Round<\/title>\n<meta name=\"description\" content=\"LogRhythm has announced the close a $50 million round of new financing.The new funding was led by existing investor Riverwood Capital with participation\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/security-information-event-management\/logrhythm-50mil-funding-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$IEM: LogRhythm Closes $50M Funding Round\" \/>\n<meta property=\"og:description\" content=\"LogRhythm has announced the close a $50 million round of new financing.The new funding was led by existing investor Riverwood Capital with participation\" \/>\n<meta property=\"og:url\" content=\"https:\/\/solutionsreview.com\/security-information-event-management\/logrhythm-50mil-funding-round\/\" \/>\n<meta property=\"og:site_name\" content=\"Best Information Security SIEM Tools, Software, Solutions &amp; 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