Corelight‘s recent Series E funding round, led by Accel with contributions from Cisco Investments and CrowdStrike Falcon Fund, has provided them with a significant boost of $150 million. This infusion of capital is earmarked to propel Corelight’s AI-driven security innovations, bolster their cloud-native security capabilities, and further fortify their data fusion partnerships with leading cybersecurity platforms. By harnessing these resources, Corelight aims to deliver transformative capabilities for security operations center (SOC) analysts and incident response teams.
The endorsement of Corelight’s technology is reflected in its adoption by prominent cybersecurity services teams such as those at CrowdStrike, Mandiant, and the Black Hat NOC. Corelight’s rapid ascent as the industry’s fastest-growing NDR platform is evidenced by its impressive financial metrics, including over 40% year-over-year (YoY) annual recurring revenue (ARR) growth and a remarkable 300% YoY surge in AI and Software-as-a-Service (SaaS)-driven NDR solutions.
Brian Dye, Corelight’s CEO, highlighted the company’s utilization of network data to furnish undeniable evidence of adversarial activity, emphasizing the boundless potential applications of such data. Dye expressed excitement about collaborating with strategic investors Accel, CrowdStrike, and Cisco, underscoring Corelight’s commitment to innovation and customer satisfaction.
Arun Mathew, a partner at Accel, commended Corelight’s enterprise traction, battle-tested open-source technology, and satisfied clientele, asserting that Corelight is poised to modernize legacy technologies and deepen partnerships with cybersecurity organizations worldwide.
Janey Hoe, Vice President at Cisco Investments, emphasized the importance of driving visibility across hybrid and multi-cloud environments to address critical security challenges and enhance cybersecurity postures.
Gur Talpaz, Vice President of Corporate Development at CrowdStrike and head of Falcon Fund, highlighted the significance of Corelight’s Open NDR Platform in providing valuable context to Falcon platform telemetry. This investment signifies CrowdStrike’s commitment to extending its partnership with Corelight and harnessing the synergies between their respective offerings to advance next-generation Security Information and Event Management (SIEM) capabilities.
Overall, Corelight’s Series E funding round underscores the confidence of investors in its open NDR strategy and its potential to redefine cybersecurity operations through innovation and strategic partnerships.
