Capital One Ventures has announced a $24 million investment in Securonix, Inc., a leader in the next-gen security information and event management (SIEM) industry. Along with the two companies’ strategic partnership, Jay Emmanuel, a Partner at Capital One Ventures, is joining Securonix’s board of directors as a board observer, effective immediately.
Opposed to the status quo, Securonix has spent 14 years working to redefine SIEM for today’s hybrid cloud, data-driven enterprise. By reducing noise and prioritizing high fidelity alerts with behavioral analytics technology, Securonix has been a pioneer in the UEBA category, according to a statement.
Capital One Ventures’ investment will allow Securonix to continue to accelerate hypergrowth driven by demand for its Cloud SIEM platform, while the two teams will also be able to collaborate simultaneously.
“Capital One has enjoyed unprecedented success in executing a cloud-first strategy to rise to the top of its industry and is an ideal partner in allowing us to further establish our leadership position in cloud-native security analytics and operations,” Sachin Nayyar, CEO of Securonix, said in a statement.
Together, they plan to develop new product use cases for monitoring cyberattacks, insider threats, fraud, and more, and drive the adoption of its Cloud SIEM platform across industries—including financial services.
“As a cloud-native security company, we understand the massive market opportunity Securonix has as organizations are increasingly exposed to the challenges of securing systems and digital services across complex cloud and distributed environments. It’s an honor to welcome Securonix to the Capital One Ventures portfolio and play a role in the company’s continued growth and long-term success,” Jay Emmanuel, Partner at Capital One Ventures, said in a statement.
Securonix offers SIEM, UEBA, SOAR, Security Data Lake, NTA, and vertical-specific applications as an SaaS solution with unlimited scalability and no infrastructure cost. The company currently serves five of the Global Fortune 10 and is continuing to expand its customer base throughout industries and geographies.
Growth points highlighting the company’s recent business traction include, per Securonix:
- 55% YoY growth in annual recurring revenue (ARR)
- 200% YoY growth in SaaS customer bookings
- 142% YoY growth in overall customer bookings
- 54% YoY growth in number of employees
The company believes that no single organization can do it all. Instead, it focuses on collaborating with not only its customers, but also its partners to create the best possible solutions to combat advanced threats.
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