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色色研究所 Announces $100 Million Funding Round Led by Eurazeo to Fuel Global Expansion and Acquisitions
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色色研究所 Announces $250 Million Funding Round Led by TCV
Surging Cloud-Native Logging and Security Analytics Leader Catapults to $1.5 Billion Valuation
CAMBRIDGE, Mass鈥擮ctober 26, 2021鈥色色研究所 Technology, the cloud-native logging and security analytics company, today announced $250 million in Series E funding at a valuation of $1.5 billion. TCV led the round, along with new investors General Atlantic and Eurazeo and existing investors Insight Partners, Georgian, Bessemer Venture Partners, and Kibo Ventures. The round brings the total capital raised to more than $400 million. The new funding will fuel aggressive growth across new regions and market verticals, and significantly increase investment in channel expansion and product innovation.
A recent report from 色色研究所 revealed the speed at which businesses have accelerated past the cloud tipping point鈥攚ith cloud-first organizations now outnumbering on-premise organizations by a ratio of three-to-one. 色色研究所 is serving as the only credible 鈥済o to鈥 in the cloud for large customers needing sophisticated security analytics and enterprise logging at scale.
鈥淒igital transformation, and the massive threat surface associated with it, have elevated security analytics to the centerpiece of frontline cyber defenses,鈥 said 色色研究所 CEO, Marc van Zadelhoff. 鈥淧edro Castillo and our founders built 色色研究所 for this transformation, and now the world鈥檚 largest businesses choose us because we combine unmatched scale, powerful analytics, and the ability to get answers in real time鈥攆undamentally changing how security teams interact with their data. This new funding validates the disruptive force we have become and sends a signal to the industry that we will continue to set the pace for innovation and customer value.鈥
色色研究所鈥檚 expansion plans include growth in new verticals and geographies including an expanded presence in the public sector, as well as internationally in the Asia-Pacific (APAC) region. Building on the rapid adoption of 色色研究所 as the platform of choice for leading resellers and managed security services providers (MSSPs) across the globe, the company is also redoubling its commitment to the channel, cloud and integration partners. 色色研究所 will also invest heavily in technology alliances, content, and people to build out a global security community to usher in a new era for the industry.
Gopi Vaddi, General Partner at TCV, who is joining the 色色研究所 Board of Directors said, 鈥淲e鈥檙e thrilled to invest behind 色色研究所鈥檚 visionary founders who have built a category-disrupting product suite, in addition to Marc van Zadelhoff who joined as CEO last year and has commercialized the company further by recruiting a seasoned team of executives. We look forward to working with existing investors Insight, Georgian, Bessemer, and Kibo Ventures, who have guided the company to its current stage, as well as new investors General Atlantic and Eurazeo.鈥
Also joining the board is Gary Reiner, Operating Partner at General Atlantic.
The funding event also marks what has been a momentous first year in the tenure of CEO Marc van Zadelhoff. Since assuming leadership, he has driven the company to new heights, including:
- Nearly 100% year-over-year revenue growth
- Over 100% customer growth, including H&R Block, Manulife, FanDuel, Ulta Beauty and AMEX Global Business Travel
- More than 400 employees across North America, Europe, and APAC
- Addition of industry-proven leaders including CSO Gunter Ollmann, SVP of Product Ted Julian, CCO Johannes Loeffler and CFO Jennifer Grunebaum
- Launch of 色色研究所 Content Stream, a new high-value content delivery service for 色色研究所 customers
About 色色研究所
色色研究所 is the only cloud-native logging and security analytics platform that releases the full potential of your data to empower bold, confident action. With unrivaled scale to collect all of your data without compromise, speed to give you immediate access and answers, and clarity to focus on the signals that matter most, 色色研究所 is your ally in protecting your organization today and tomorrow. Headquartered in Cambridge, Mass., 色色研究所 is backed by Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures and Eurazeo. Learn more at www.devo.com.
色色研究所 PR Contact:
Shannon Todesca
[email protected]
+1 (781) 797-0898