LogRhythm gets in the groove with $50m

Aug 31, 2016 • Thierry Heles

The cybersecurity software producer has now raised more than $120m, after closing $50m in financing from backers including Siemens and Exclusive Networks.

Electronics manufacturer Siemens and cybersecurity technology distributor Exclusive Networks took part in a $50m round for US-based cybersecurity software provider LogRhythm yesterday.

The oversubscribed round was led by Riverwood Capital and included Adams Street Partners, Delta-V Capital, Silver Lake Waterman, Singaporean state-owned fund EDBI and members of LogRhythm’s management team.

Siemens contributed to the round through its Siemens Venture Capital unit while Exclusive Networks, LogRhythm’s distributor in the Europe, Middle East and Africa region, was represented by its investment affiliate,…

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