Stealth security analytics company Niara announced the finalization of $20M in Series B funding led by Venrock with additional participation from New Enterprise Associates and Index Ventures on Thursday. Niara specializes in analytics for IT security that identify and remediate cyber attacks and their attendant root causes. Niara’s analytics have the ability to bridge siloed datasets in order to obtain a holistic solution to IT security that can identify security breaches, develop solutions tailored to the heterogeneity and evolution of threats and prioritize potential threats for investigation. By performing analytics “across disparate data sources,” Niara delivers a 360 degree view of an infrastructure that recognizes the variety and volume of sources of threats using nuanced analytics against historical data. The Sunnyvale-based company leverages a combination of advanced analytics and forensics to mitigate security-related risks and enhance the productivity of security, compliance and risk mitigation teams. Today’s capital raise brings the total funding raised by Niara to $29.4M. Precise details of the Niara solution remain scant although the cybersecurity space should expect to hear more details of its security solution in forthcoming months, particularly given the $20M Series B infusion of cash that is likely to fuel both product development and sales and marketing operations. The larger point worth noting, however, is that cloud security is a hot space for VCs and investors, particularly as the proliferation of infrastructure platforms, data frameworks and networking infrastructures converges to create increasingly complex IT amalgamations that require correspondingly more sophisticated security solutions to guard against systemic vulnerabilities as well as the diversification of threat sources and types.
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