KPCB leads $22.4m round for AlienVault

Existing investors Trident Capital and Adara Venture Partners also contributed to the round.

The fresh capital will be directed towards the expansion of the firm's sales, marketing and support functions, alongside a heavier focus on research and development.

Previous funding
Adara and Neotec Capital Riesgo provided series-A funding in July 2009. In February this year, Trident led an $8m series-B funding round for AlienVault, to fund further research and development as well as a sales and marketing strategy. Original backers Adara and Neotec provided co-investment.

Company
AlienVault was founded in 2007 and based in Madrid until the move of its headquarters to Silicon Valley earlier this year. The company has created an open source security information and event management solution to enable threat management.

AlienVault has more than doubled its revenues in the first half of this year and now has upwards of 300 customers. The firm has attracted more than 60 new customers this year, including businesses in software, financial services, higher education and state and local government.

People
KPCB managing partner Ted Schlein will join AlienVault's board of directors. Bob Spinner, managing director of Sigma, will act as board observer. Trident managing director J Alberto Yepez is chairman of the AlienVault board of directors.

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• Topics
• Southern Europe
• Technology
• Expansion
• Spain
• Trident Capital
• Kleiner Perkins Caufield & Byers
• Adara Venture Partners