Cisco-Backed Corelight Receives $150 Million Investment

April 30, 2024, 4:01 AM UTC

Security startup Corelight has raised $150 million in new financing in an investment led by Accel. The deal values the San Francisco-based business at $900 million.

Cisco Investments and Crowdstrike Falcon Fund also participated in the round for the network detection and response business. Corelight uses artificial intelligence to help customers such as universities and Fortune 500 companies respond to threats.

Crowdstrike President Mike Sentonas said the business invested in Corelight partly because it was impressed by the company’s customer base, adding that it had “strong enterprise traction.” Corelight already counts Crowdstrike itself as a customer, as well as ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.