Red Lambda develops platform-based security and operational intelligence software built for demanding Big Data environments. Its MetaGrid product provides real-time, on-the-fly anomaly and threat detection without rules or signatures, plus automated response and decision-support capabilities. The technology combines virtual supercomputing, relational stream processing and artificial intelligence to deliver an ultra-scalable, ultra-fast grid platform intended to overcome data volume, velocity and variety limits. Red Lambda positions its products to help public and private enterprises transform network security, streamline operations and extract business value from operational data. The company sells directly and through strategic partnerships and maintains operations in the U.S. and London while being based in Orlando, Florida. The article notes investor interest and involvement that supported the company’s fundraising efforts. Red Lambda develops network security software centered on its AppIron Grid Platform, which leverages virtualization and grid-computing technology to address computation-intensive security challenges. The AppIron platform identifies, isolates and takes action on threats and compliance issues such as botnets, intrusions, anomalies, advanced persistent threats and illicit file sharing. Its target customers include enterprises, service providers, government organizations and educational institutions. The company announced the release of the latest version of its AppIron Grid Platform in conjunction with the financing. Red Lambda closed a $10M common stock financing to support marketing initiatives, expand in the U.S. and overseas, complete its product portfolio and increase the management team. The new capital is intended to accelerate commercialization and broaden the company’s market reach.

Total raised

$10M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2010