Thursday, June 28, 2012

LogRhythm Finds $15M In Series D

Boulder-based IT log security software provider LogRhythm has added more fuel to its tanks, saying this morning that it has raised $15M in a Series D funding round. The company, whose products are used in the computer security and cyber threat defense area, said the funding was led by Siemens Financial Services, and also included prior investors Adams Street Partners and Grotech Ventures. The company, which is led by Andy Grolnick, said the funds will go towards accelerating growth, product innovation, and international expansion. The new funding round brings the company's total raised to around $28.6M. More information »