Alert Logic is a Security-as-a-Service provider that combines cloud-native software and analytics with expert services to assess, detect and block threats to applications and other enterprise workloads. Its product suite includes intrusion detection, vulnerability assessment, web application security and log management, paired with 24×7 security monitoring, threat intelligence, security research and content production. The company also applies machine learning and other security analytics to monitor, analyze and protect enterprise application environments. Led by CEO Gray Hall, Alert Logic is headquartered in Houston and operates seven global offices. In June 2017 the company received a $70M syndicated credit facility; the proceeds will be used for working capital and various internal growth initiatives. The financing was provided by Square 1 Bank, a division of Pacific Western Bank. Alert Logic delivers Security-as-a-Service for cloud environments by integrating advanced security tools with a fully outsourced, managed SaaS delivery model and a 24×7 Security Operations Center. Its solutions secure the application and infrastructure stack and can be deployed wherever customers have IT infrastructure, including public and private clouds. The company partners with over half of the largest cloud and hosting service providers and serves more than 1,700 enterprises. Alert Logic reported nearly $30 million in annual recurring revenue and said it tripled in size in less than three years. Following the financing, the company plans to accelerate growth of its new Web Security Manager product line and expand adoption of its elastic cloud security solutions through its hosting and cloud provider channel. Alert Logic is based in Houston and was founded in 2002. Alert Logic delivers an integrated on-demand security solution combining Software-as-a-Service products with 24×7 Security Operations Monitoring for intrusion detection, vulnerability assessment, and log management. Its managed services provide 24×7 monitoring, alerting, and expert guidance from a Security Operations Center staffed with certified security analysts. The company serves over 1,200 enterprise customers. Led by president and CEO Gray Hall, Alert Logic was founded in 2002 and is based in Houston, Texas. It plans to use the new funding to broaden its product and service portfolio and invest across sales and marketing, engineering and product development, business development, and strategic alliances. The company closed a $12.6M Series E to support those plans.

Total raised

$95M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Jun 2017