Total amount raised
$93.5 Millions
Latest funding date
08/01/2023
Location
Stellar Cyber has successfully raised significant funding through multiple rounds, with the latest being a venture round of an undisclosed series. The company offers an AI-driven unified security operations platform powered by Open XDR, integrating various security capabilities to streamline and enhance cybersecurity operations.
Keep reading to explore the intricacies of Stellar Cyber's fundraising journey and the investors backing this innovative platform.
What Is Stellar Cyber?
Stellar Cyber, founded in 2015, is a cybersecurity company based in Santa Clara, California. The company was established by Aimei Wei and Changming Liu.
Specializing in AI-driven security operations, Stellar Cyber offers a unified platform that integrates various security capabilities, including Next-Generation SIEM, Network Detection and Response, and Open XDR. The company employs between 101 and 250 people.
Stellar Cyber's platform aims to streamline security operations, reduce enterprise risk, and enhance analyst productivity by providing comprehensive and efficient security solutions.
How Much Funding Has Stellar Cyber Raised?
- Seed Round
- Amount Raised: $1.5M
- Date: January 2017
- Lead Investors: Northern Light Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their Open XDR platform.
- Series A
- Amount Raised: $13.2M
- Date: February 2019
- Lead Investors: Valley Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and market reach.
- Series A
- Amount Raised: $7.1M
- Date: October 2019
- Lead Investors: Susquehanna International Group (SIG)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the platform and support customer acquisition.
- Series A
- Amount Raised: Not disclosed
- Date: January 2020
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the platform and operations.
- Series B
- Amount Raised: $38M
- Date: November 2021
- Lead Investors: Highland Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the Open XDR platform and meet the increased demand for security solutions due to remote work.
- Venture Round
- Amount Raised: $33.7M
- Date: August 2023
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive further innovation and expand market presence.
Total Amount Raised: $93.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Highland Capital Partners
- Details: Highland Capital Partners is a venture capital firm that invests in seed, early, and growth-stage companies. They focus on sectors like technology, healthcare, and consumer markets.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Malwarebytes, Rent the Runway, Scopely
- Valley Capital Partners
- Details: Valley Capital Partners is a venture capital firm that invests in early-stage technology companies. They are known for their involvement in enterprise software, cybersecurity, and cloud computing sectors.
- Investment Focus Areas: Enterprise software, cybersecurity, cloud computing
- Notable Investments: Not specified
- SIG (Susquehanna International Group)
- Details: SIG is a global quantitative trading firm that also invests in a variety of sectors, including technology and financial services. They are known for their strategic investments in high-growth companies.
- Investment Focus Areas: Technology, financial services
- Notable Investments: ByteDance (TikTok), Alibaba, Meituan-Dianping
- Northern Light Venture Capital
- Details: Northern Light Venture Capital is a venture capital firm that invests in early and growth-stage technology companies in China. They focus on sectors like TMT (Technology, Media, and Telecommunications), healthcare, and advanced manufacturing.
- Investment Focus Areas: TMT, healthcare, advanced manufacturing
- Notable Investments: Meituan-Dianping, Didi Chuxing, SenseTime
- Samsung (Samsung Next)
- Details: Samsung Next is the innovation arm of Samsung, focusing on investments in emerging technologies. They aim to complement Samsung's core business areas through strategic investments.
- Investment Focus Areas: Technology, semiconductors, consumer electronics
- Notable Investments: Not specified
What's Next for Stellar Cyber?
Stellar Cyber stands at the cusp of significant growth opportunities, driven by the increasing demand for comprehensive security solutions. The company's Open XDR platform, which provides 360-degree visibility across the attack surface, is well-positioned to capitalize on the growing need for integrated security in the era of remote work and cloud migration. This market is expected to expand rapidly, offering Stellar Cyber a substantial opportunity to increase its market footprint and partner network.
Future fundraising efforts are likely to be bolstered by the company's strong performance and strategic investments from firms like Samsung. These funds will be crucial for driving innovation, expanding market reach, and hiring top talent. However, Stellar Cyber will need to navigate challenges such as intense competition and the complexity of integrating with existing security tools. By staying ahead of industry trends and continuously enhancing its platform, Stellar Cyber can maintain its competitive edge and achieve sustained growth.
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