San Francisco’s security innovator, Corelight, has achieved a noteworthy Series E funding milestone of $150 million, primarily backed by Accel, Cisco Investments, and CrowdStrike Falcon Fund. The new infusion is set to elevate Corelight’s position in cybersecurity, fuelling the advancement of AI-driven security innovations and enhancing its cloud-native capabilities.
As the cybersecurity landscape rapidly evolves, Corelight remains at the forefront, empowering security operations centres with state-of-the-art network visibility and proactive threat response. This significant investment marks a pivotal moment for Corelight, reinforcing its legacy in providing robust, open-source network security solutions.
Founded by Gregory Bell and Vern Paxson, Corelight has been a distinguished leader in network traffic analysis since its inception. Paxson’s development of Zeek at Berkeley Lab, a sophisticated tool from the 1990s, has been instrumental in powering Microsoft’s security architecture, embedded in every Windows version. Zeek transforms complex network and cloud activities into actionable intelligence, fortifying security teams with enhanced visibility and responsiveness against cyber threats.
Corelight’s open network detection and response (NDR) platform revolutionises cybersecurity by integrating dynamic detection, AI, and intrusion detection into a comprehensive solution. It boasts unparalleled network visibility, facilitating swift incident response and optimizing security operations. Utilised by elite teams such as CrowdStrike and Mandiant, the platform’s growth is underscored by over 40% annual recurring revenue growth.
Customer satisfaction and extensive enterprise traction have been key to Corelight’s success. Accel and Cisco Investments acknowledge Corelight’s robust technology and dedicated customer base, paving the way for deeper engagements with significant cybersecurity platforms globally. The company’s open-source foundation sets the stage for continuous innovation and adaptation to emerging threats.
The commitment to next-gen SIEM solutions continues, as noted by Gur Talpaz of CrowdStrike. By integrating Corelight’s data with CrowdStrike’s Falcon platform, there is a symbiotic enhancement of threat intelligence and cybersecurity effectiveness. The ongoing investment from CrowdStrike signifies trust in Corelight’s vision and strategic direction.
Corelight’s role as an industry disruptor is affirmed by numerous cybersecurity experts, who view its platform as critical in shaping the future of network security. The backing by major investors further solidifies its position as a key player in the cybersecurity domain.
This substantial funding round is a testament to Corelight’s strong market presence and visionary approach. It underscores the significance of continuous innovation in staying ahead of cyber threats and meeting the evolving needs of global enterprises.
Corelight’s strategic advancements in AI-driven security and open network detection lay a robust foundation for future growth and industry leadership. The $150 million investment not only signifies trust from its backers but also positions Corelight as a pioneering force driving innovation in the cybersecurity arena.
