AlienVault has announced a $26.5 million Series D funding round led by GGV Capital, with strong participation from existing investors Trident Capital, Kleiner Perkins Caufield & Byers (KPCB), Sigma West and Adara Venture Partners, and new investors Top Tier Capital and Correlation Ventures.
The funding will be used to scale the company's global sales and marketing programs in response to "high demand" for its products.
Funds will also be used for continued investments in product innovation and expansion of AlienVault's Open Threat Exchange.
"AlienVault's ability to deliver on the promise of complete, simple and affordable security visibility and threat intelligence products for businesses of any size or scale has been strongly demonstrated over the past year that we've gotten to know the company," said Glenn Solomon, partner at GGV Capital.
"At GGV, we strive to invest in companies that can create and lead large new global market opportunities. AlienVault's management team is well on its way to building the clear leader in Unified Security Management. The company's strong executive team and board, compelling market need, devoted customer references and rapid growth combine to make AlienVault a very exciting investment for GGV."
The new Series D round of funding comes at a time of continued rapid growth for AlienVault, as the company is on target to more than double bookings for the third year in a row. Since it was introduced early last year, AlienVault's OTX Reputation Monitor, available through the Exchange, has become the "largest crowd-sourced repository for threat information around the world", counting more than 8,000 contributors from 140 countries.
"Trident Capital is proud of what the team at AlienVault has been able to accomplish in the two years that we've been involved with the company," said J. Alberto Yépez, AlienVault's chairman of the Board of Directors and MD at Trident Capital.
"Many companies have great vision but fall short of realising it. Through its USM platform and Open Threat Exchange, AlienVault is delivering on its vision of open and collaborative security. It's great to have GGV Capital's support as AlienVault works to make security visibility and better threat intelligence easily accessible and attainable, even for smaller and midsize organizations around the world whose security needs have largely gone unmet. The team assembled at AlienVault is amongst the most accomplished and well respected in the industry."