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Anomali Raises $30 Million in Series C Funding

Anomali announced a $30 million Series C in April 2016, led by IVP, to fund expansion, product development, and sales and marketing. The round brought its cumulative funding above $56 million.
From TheFinanceBase Team2 min to read
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Anomali announced a $30 million Series C on April 21, 2016, to support international expansion, product development, and additional sales and marketing. Institutional Venture Partners (IVP) led the round, joined by General Catalyst Partners, GV and Paladin Capital Group. The financing brought the company’s total funding to more than $56 million since its 2013 launch.

Who invested in Anomali’s $30 million round?

IVP led the Series C. General Catalyst Partners, GV (formerly Google Ventures) and Paladin Capital Group also participated. Anomali announced the financing on April 21, 2016. Company announcement

Why did Anomali raise the money?

The company said it would use the funding for international expansion, product development, and additional sales and marketing. Its business focused on helping security-operations and incident-response teams use large volumes of threat-intelligence data to identify and track attackers and improve organizational security. Company announcement

What was Anomali, and what did its products do?

From ThreatStream to Anomali

The company rebranded from ThreatStream to Anomali in February 2016. Its April financing announcement identified the ThreatStream and Anomali Match platforms. Rebrand announcement

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Anomali Match and the product portfolio

Anomali Match was part of the company’s threat-intelligence offering. A June 2016 company update also described Anomali Reports, reflecting the product portfolio it was building out. The available announcements describe the products’ broad security-intelligence purpose, but do not establish a detailed feature-by-feature comparison or independent performance results. June product update

What growth did the company report in 2016?

In a June 2016 update, Anomali said it had opened a Boston office, exceeded its first-half goals, and recorded 170 percent year-over-year growth. That is the company’s own reported figure for the first half of 2016, not an independently verified result or a statement about later performance. June company update

How much funding had Anomali raised in total?

After the Series C, Anomali said its cumulative funding exceeded $56 million since the company launched in 2013. The $30 million figure refers to this round; the total is cumulative capital, not the size of the Series C alone. Company announcement

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What Anomali said the financing signaled

CEO Hugh Njemanze said: “Our rebrand, new product suite and this latest round of funding validates our vision for reducing business risk for large enterprises and small to medium sized businesses.” Company announcement

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