Security Startup Alert Logic Secures $70 Million

Alert Logic announced it has raised $70 million in financing. Two investors contributed to the round, among them Square 1 Bank.

Alert Logic is a leading security and compliance solution for the cloud. It provides security-as-a-service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Fully managed by a team of experts, the Alert Logic security-as-a-service solution provides network, system, and web application protection immediately, wherever an IT infrastructure resides. Alert Logic partners with leading cloud platforms and hosting providers and serves more than 3,600 organizations worldwide.

In its announcement, the company said proceeds from the funding will be used for working capital and internal growth initiatives.