Anvilogic Raises $10M Series A For Its Cybersecurity Detection Automation Platform
PALO ALTO, Calif., May 11, 2021 /PRNewswire/ -- Anvilogic, a cybersecurity detection automation company, today announced its $10M Series A. The company gives organizations the map and directions, vital to navigating their unique security landscapes, making it easy to automate security operations and reduce risk. Anvilogic is the only security detection automation platform that delivers AI-driven insights and recommendations to measure and improve threat detection coverage that force-multiplies security operations and stops the SOC Chaos. The Series A was led by Cervin Ventures with participation from Foundation Capital, Point 72 Ventures, and Dan Warmenhoven. The funds will be used for scaling go-to-market operations and research and development.
Anvilogic breaks down security silos by bringing together automation, AI into a unified detection and hunting platform
Today, security Operations are broken because the underlying tools, like SIEM, have not delivered on their promise to provide the necessary domain-specific automated workflows. This leaves operations and processes disjointed and teams lacking situational awareness and the ability to keep up. Security teams are left to manually assess their state of maturity, identify their gaps/priorities, chart their course, develop detection content, enrich alerts, hunt & triage, and in general, connect the 'dots' in the SOC workflow. Anvilogic lives in the confluence of three of the most important trends today: AI, automation and APIs. The Anvilogic security detection automation platform gives security teams a unified and normalized security operations process across their data platforms and security operations silos to gain insights and quickly take action and modernize their security operations.
"After decades working in the security space, it became clear to me that the tools companies have been trusting for their security are actually doing them a disservice. Most SIEM and SOAR tech is 10-15 years old and hasn't kept p with the fast-evolving threat landscape or the corresponding changes in human operations within SOCs," said Karthik Kannan, CEO and founder of Anvilogic. "Anvilogic is addressing a problem in SOCs that no tool currently solves because tools only add more noise and make operations siloed. Anvilogic brings seamless automation workflow to the SOC, thus eliminating the disjointed nature of today's tools and processes, empowering security experts with relevant threat-detecting & enriched resolution capabilities."
Anvilogic is already working, at large scale, with numerous clients, including Fortune 1000 enterprises. On average, Anvilogic customers save more than 180 person-hours of detection time within one month of being operational and an average annual financial savings of more than $500K. Recently, one of Anvilogic's large eCommerce clients took only 8 hours to automate detection content deployment that would have taken >300 hours to develop, test and deploy without Anvilogic, not to mention the high-efficacy hunting experience afterward.
"Over the years, there has been a lot of tech thrown at threat response, but no one has really made progress on the detection side of security because it's traditionally a very manual process that requires a lot of advanced coding," said Shirish Sathaye, General Partner at Cervin Ventures. "The fact that Anvilogic is not only automating the detection process but is also turning toward the actual workflow of the next-gen SOC made backing Karthik and the company an easy decision for us. There is no team better equipped to build the world's best detection automation platform."
No matter what level of maturity, Anvilogic's automation and AI framework fit seamlessly across the cybersecurity operations lifecycle. The platform gives teams the ability to continuously navigate their unique environments to help create a strong security foundation for a more efficient and effective SOC while leveraging the technology, data and resources they already have. Anvilogic makes it easier to keep up with evolving attack surfaces, measurably reducing risk and helping to accelerate business growth, while reducing the overall cost to the SOC.
Anvilogic's key value and benefits perceived by customers are:
Anvilogic's vision is to deliver "SOC Neutrality" for the future of cloud-based security operations. The company believes that all logging will be on a distributed cloud in the future and there will be silos of workflows and alerts (e.g., XDRs). Anvilogic will be the unified security fabric delivering total SOC automation, making it possible for SOC practitioners to be indifferent to underlying tools, logging, alert disparities and operate efficiently at the threat detection and hunting layers.
For more information about Anvilogic, visit http://www.anvilogic.com.
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