Startups

Confluera Gets $20M Series B, Plans To Double Workforce

Cybersecurity startup Confluera has raised $20 million for its Series B in a round led by Icon Ventures, the company announced Tuesday.

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Confluera helps organizations find sophisticated security attacks going on inside of corporate infrastructures. Because attackers often take multiple steps at different points in time, Confluera detects attack signals and “storyboards” them to show analysts the big picture so they can respond accordingly, CEO Abhijit Ghosh said in an interview with Crunchbase News

“If you think about the security landscape, there are a lot of preventative solutions that are trying to prevent the entry of the attacker, but that’s not working,” Ghosh said, adding that it’s critical to detect and respond to attackers already in the network.

Confluera, based in Palo Alto, California, with an engineering office in Austin, Texas, plans on investing in sales teams, marketing, and expanding its engineering and product teams, Ghosh said. The company has around 20 employees now, and will roughly double that figure.

With so many people now working from home, security is even more important and the needs are different, according to Icon Ventures general partner Preeti Rathi. Companies are trying to figure out how to make security work as seamlessly as before now that many teams are distributed for the foreseeable future. Confluera lets companies take a more targeted approach when dealing with security issues, Rathi said in an interview.

“The current approach is more a hammer-style approach … what Confluera allows you to do is use a medical, surgical response of, OK, we know exactly what was touched by this malware,” she said.

The company previously raised a $9 million Series A led by Lightspeed Venture Partners in July 2019. For Confluera’s Series B, other participating investors include Harpoon Ventures, John W. Thompson and Lane Bess, according to a statement from the company.

Illustration: Dom Guzman

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