Enterprise IT Startup Sqrrl Raises $12 Million

Sqrrl announced the completion of $12.3 million in Series C financing. Four investors contributed to the round: Spring Lake Equity Partners, Matrix Partners, Rally Ventures, and Accomplice.

Sqrrl is a Big Data Analytics company that lets organizations pinpoint and react to unusual activity by automatically uncovering hidden connections in their data. Sqrrl’s linked data analysis platform gives analysts a way visually to investigate these connections, allowing them rapidly to understand their surrounding contexts and take action. With Sqrrl’s cybersecurity solution, users can detect and respond to advanced data breaches associated with cyber-espionage activity, insider threats, and other types of hard-to-detect attacks.