Corelight spots $25m series B

Corelight, a US-based cybersecurity technology developer based on research at University of California (UC) Berkeley, has attracted $25m in a series B round led by venture capital firm General Catalyst.
The spinout did not name any additional investors in the round.
Founded in 2013, Corelight offers a cybersecurity system called Bro which enables clients to comprehensively monitor activity on their IT networks in real time.
The system picks up data from an array of virtual sensors installed across the network which can be managed through a cloud-based platform. The software was named after Big Brother in the novel 1984 in recognition of the fact network monitoring needs to respect user privacy.
Corelight has earmarked the cash for product development, research, sales and marketing activities. It is preparing for international growth and hopes to secure new strategic relationships both in the US and internationally.
Steve Herrod, managing director at General Catalyst, has joined Corelight’s board of directors.
Bro exploits research from Lawrence Berkeley National Laboratory (LBNL), a government-owned centre managed by UC, conducted by Vern Paxson, a professor of computer science with joint appointments at LBNL and UC Berkeley’s International Computer Science Institute.
Corelight closed a $9.2m series A round in July 2017 led by Accel Partners, with backing from spinout-focused investment firm Osage University Partners and angel investor Steve McCanne.
Herrod said: “The question today is not if the bad guys have access to your network – they do – but instead, what they have done once they have gotten in. Corelight helps security professionals get to breach impact and remediation faster.”