AlienVault raises $26.5m in series-D round

Existing investors Trident Capital, Kleiner Perkins Caufield & Byers (KPCB), Sigma West and Adara Venture Partners also participated in the round. New backers Top Tier Capital and Correlation Ventures entered the firm's shareholding via the latest round.

The fresh funding will support product development and innovation. It will also be used to scale the firm's global sales and marketing strategies.

AlienVault was founded in Madrid but moved to San Mateo, California, in 2012.

Previous funding
In July 2012, KPCB and Sigma led a $22.4m series-C round for the company. Trident and Adara also committed capital.

In February 2012, Trident led an $8m series-B round, with co-investment from Adara and Neotec Capital Risego. The firm's series-A round occurred in 2009, with participation from Adara and Neotec.

Company
Founded in 2007 and based in San Mateo, AlienVault has created an open source security information and event management solution to assist threat management. The company has experienced more than 100% growth in new customers in 2013. It counts more than 8,000 contributors to its open source solution, hailing from 140 countries.

People
GGV's Glenn Solomon will join the AlienVault board as a director as part of the deal. J Alberto Yépez is managing director at Trident and chairman of the AlienVault board. Ted Schlein is general partner at KPCB.

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