April 18, 2024 at 12:40PM
Anvilogic, an AI-based multi-data platform SIEM, raised $45 million in Series C funding led by Evolution Equity Partners. Founded in 2019, the Palo Alto firm’s technology allows organizations to query and use data for detection and analytics, aiding in threat detection for airlines, banks, and large tech companies. The funding will expand AI features and go-to-market efforts.
From the meeting notes, Anvilogic, an AI-based multi-data platform SIEM, announced the successful completion of a Series C funding round, raising $45 million and bringing their total funding to $85 million. The funding was led by Evolution Equity Partners, with additional investment from Cervin Ventures, Foundation Capital, G Squared, Myriad Ventures, Outpost Ventures, Point72 Ventures, and Stepstone Group.
Anvilogic, founded in 2019 and based in Palo Alto, California, provides organizations with the ability to query data from multiple sources for detection and analytics, without the need to replace their existing SIEM. The company’s technology facilitates the adoption of a data lake for high-volume data sources and advanced analytics.
Their modular detection engine, curated threat scenarios, and AI security solution enable security operations teams to detect threats at scale, addressing gaps and reducing costs for enterprise security operations centers. Anvilogic’s solution is already in use by airlines, banks, and large tech companies for threat detection.
Furthermore, Anvilogic offers a detection engineering copilot that leverages generative AI for various detection and investigation use cases, with the second generation of the solution currently in beta, extending capabilities to threat hunting and alert investigation.
The new funding will be utilized by Anvilogic to expand its generative AI features for multiple use cases across the entire SOC lifecycle and to scale its go-to-market efforts.