The Siemens-backed cybersecurity company has now raised more than $71m in total after closing its series E round.
Siemens-backed security intelligence company LogRhythm secured $40m in series E funding yesterday from Riverwood Capital, Adams Street Partners, Access Venture Partners, Piper Jaffray and members of senior management.
US-based LogRhythm is the creator of a security intelligence platform that helps organisations deal with cyber threats. The company plans to invest the money in strengthening its product development, sales and marketing, and customer service.
Industrial manufacturer Siemens’ corporate venturing unit, Siemens Venture Capital, led LogRhythm’s $15m series D round in June…
