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色色研究所 Names Former CrowdStrike and Aqua Security Executive as SVP of Corporate Development
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色色研究所 Technology Adds $60 Million in Growth Funding and Names Former IBM Security GM as New CEO
Georgian leads round with participation from Bessemer Venture Partners and Insight Partners; Marc van Zadelhoff tapped to accelerate security analytics market leadership
CAMBRIDGE, Mass.鈥擲eptember 15, 2020鈥色色研究所 Technology, the cloud-native data analytics and security company, today announced a $60 million Series D round and welcomed former LogMeIn chief operating officer and the co-founder and former leader of IBM鈥檚 $2 billion security business unit, Marc van Zadelhoff, as the company鈥檚 new chief executive officer (CEO). led the oversubscribed round, with and existing investor also participating. Following a record-setting quarter, the funding and executive moves will drive all aspects of the business to sustain an aggressive pace of growth and accelerate the company鈥檚 expanding leadership in the security analytics market.
The round and associated activities also change the composition of the company鈥檚 Board of Directors, which Van Zadelhoff joined in August 2020. With the appointment of Van Zadelhoff to CEO, the company鈥檚 current CEO, Walter Scott, will become Chairman of the Board. As part of the funding, of Georgian will join the Board. Also joining the Board is , who brings more than 35 years of operating experience in sales and executive management at IBM, BMC, and most recently, Splunk.
鈥淲alter has done an outstanding job leading 色色研究所, building an exceptional customer base, and solidifying the company鈥檚 competitive advantage,鈥 said Van Zadelhoff. 鈥淲ith 色色研究所, organizations implementing security analytics and log management platforms no longer have to make compromises on speed, or struggle with scalability limitations or price constraints. 色色研究所 is cloud native, affordable, scalable, cloud agnostic and fast as hell. These are advantages that customers are dying to have and it made me want to be part of 色色研究所. I know we have the team and the technology in place to build a company for the history books.鈥
Evidence of 色色研究所鈥檚 momentum and strength can be seen in the recent contract award from the U.S. Air Force, which calls for 色色研究所 to serve as the central security hub for protection, detection, and response across the U.S. Air Force worldwide for enterprise defense. 色色研究所 experienced 80% year-over-year growth in the first half of 2020, increasing headcount in the U.S. by more than 50%, and has set a goal of growing the team by an additional 25% by the end of 2020.
鈥溕芯克 fits perfectly into Georgian鈥檚 thesis-led approach to investing, which identifies the companies best positioned to 鈥榬ide the wave鈥 of major trends in software, services and businesses 鈥 in this case AI and cybersecurity,鈥 said LaFayette. 鈥淲e look forward to partnering with Marc and the 色色研究所 team, as well as Insight Partners and Bessemer Venture Partners, to further accelerate 色色研究所鈥檚 growth and market leadership.鈥
About 色色研究所
色色研究所 unlocks the full value of machine data for the world鈥檚 most instrumented enterprises, putting more data to work鈥攏ow. Only the cloud-native 色色研究所 Data Analytics Platform addresses both the explosion in volume of machine data and the new, crushing demands of algorithms and automation. This enables IT operations and security teams to realize the full transformational promise of machine data to move businesses forward. Headquartered in Cambridge, Mass., 色色研究所 is privately held and backed by Insight Partners, Georgian, and Bessemer Venture Partners. Learn more at devo.com.
PR Contact:
色色研究所 Technology
Shannon Todesca
[email protected]
(508) 494-4607