Venture Funding

Confluera Rakes In $20 Million

PALO ALTO — Confluera, which develops cyber threat detection and response, has raised over $20 million in Series B funding led by Icon Ventures. Harpoon Ventures also joined as a new investor.

Icon Ventures’ General Partner, Preeti Rathi, is joining the Confluera board.

The company’s existing investors Lightspeed Venture Partners, John W. Thompson and Lane Bess also participated in this round. This new round comes less than a year of Confluera announcing its Series A of $9 million and coming out of stealth at the BlackHat 2019 conference.

The Confluera platform redefines the enterprise security paradigm by providing a broad range of autonomous capabilities that deterministically track ongoing cyber threats and intercept them before any damage occurs. Confluera is changing the way security is practiced today, from a post-facto incident response to a real-time threat interception.

“Confluera’s growth comes at a critical juncture for the security industry, when a new normal is shaping up across all verticals. Now more than ever before, we see the need for a platform that has end-to-end visibility across the enterprise infrastructure to identify cyberattacks in real time and mitigate them. Our customer traction demonstrates the latent market demand for innovation in autonomous capabilities to protect enterprise assets,” said Abhijit Ghosh Co-Founder & CEO. “We have raised this round to accelerate the delivery of the industry’s first Autonomous Detection and Response platform, and build out our go-to market efforts.” “The platform’s unique capability of continuous machine-ranked activity tracking enables ‘proactive interception’ of unknown threats,” added Co-founder and Chief Architect Niloy Mukherjee

Preeti Rathi commented, “We partner with world-class teams building category-defining companies in large markets. Confluera’s capabilities bring much-needed self-directed intelligence and independence, which helps create the crime scene as it is happening, so security operators can focus on response. We are very excited about our partnership in this journey.”

“As the scale and complexity of IT environments continue to increase, there is clearly a need to fully integrate the security context,” said Ravi Mhatre, Managing Director, Lightspeed Venture Partners. “Confluera addresses the real pent-up demand for a platform that can deliver radical risk reduction and operational simplification. Confluera’s vision and track record of execution will transform the enterprise security landscape.”