Baltimore-Based Security Provider Lookingglass Raises $5 Million In FundingBaltimore-Based Security Provider Lookingglass Raises $5 Million In Funding
Alsop Louie Partners is leading the Series A funding
January 31, 2012
Baltimore, MD – (January 30, 2012) -- Lookingglass Cyber Solutions, a security software company delivering cyber situational awareness, today announced that it raised $5 million in funding to bring its next generation of cyber intelligence tools to market.
Alsop Louie Partners, an early-stage technology venture firm based in San Francisco, Calif., is leading the Series A funding, which will be used to fuel marketing, sales and deployment initiatives and deliver cyber situational awareness to enterprise customers. Vital Financial, a private equity and capital investment firm based in Bethesda, MD, is a participating investor.
While traditional enterprise security solutions are focused on the activity within an organization’s network, cyber situational awareness allows organizations to continuously monitor their entire cyber ecosystems to protect against malicious threats. Lookingglass helps customers accurately and precisely anticipate and protect against targeted attacks by gathering, analyzing and prioritizing information collected from within their own networks, supply chains and from the rest of the Internet. The company’s core product, ScoutVisionTM, allows its users to aggregate and analyze a myriad of cyber intelligence sources to identify global threats as soon as they emerge. ScoutVision enriches that intelligence with data from its users’ existing infrastructure to enable them to rapidly determine the relevance of those threats and more effectively focus resources.
Organizations use ScoutVision to continuously monitor their own networks, the networks of their partners and cloud-computing resources. Security professionals are now able to rapidly determine whether networks have communicated with known threat sources.
“Cyber situational awareness relies on the ability to identify and analyze relevant intelligence as soon as new threats emerge, not after they have already penetrated networks,” said Gilman Louie, veteran security investor and Partner at Alsop Louie Partners. “Lookingglass’ approach enables its customers to proactively protect themselves instead of reacting after it is too late. With its unique and innovative technology, Lookingglass has changed the cyber security game and has positioned itself as the market leader in cyber situational awareness.”
Lookingglass’ target customer base includes CNCI/homeland security, financial services, defense industrial base and intelligence sectors. The company is realizing traction with Fortune 100 companies, U.S. federal agencies, specifically those charged with critical infrastructure protection, and government defense contractors. In addition, intelligence organizations and mid-size financial institutions use Lookingglass’ solutions.
“The threat landscape changed dramatically in the last year and, as a result, more organizations are recognizing the value of having situational awareness and actionable intelligence,” said Derek Gabbard, Chief Executive Officer of Lookingglass Cyber Solutions. “This investment will allow us to continue to innovate and enable our customers to integrate cyber situational awareness into their existing security operations.”
About Alsop Louie Partners
Alsop Louie Partners is an early-stage technology venture firm based in San Francisco, CA. The firm looks for outstanding entrepreneurs who want to start and grow companies that will be significant drivers of the next technology cycle, which it calls the Evernet. The firm was founded by Stewart Alsop, industry pundit and venture investor, and Gilman Louie, technology and national security expert. http://www.alsop-louie.com/
About Vital Financial, LLC
Vital Financial’s mission is to use its talents, insights, knowledge and experience to find, analyze and structure private equity and venture capital investments in companies so as to provide significantly above-market returns on its own capital and on the funds that co-investors’ entrust to its stewardship. Vital Financial’s hope is that a meaningful portion of its capital will be used to better the lives of others and improve our world. http://www.vitalfin.com
Lookingglass Cyber Solutions is a cyber security software company delivering deep visibility into the Internet threat landscape. Lookingglass helps organizations accurately and precisely anticipate and protect against targeted attacks by gathering, correlating, and analyzing threat information from within their own networks, supply chains and the rest of the Internet. The company’s core product, ScoutVisionTM, leverages an open architecture, which provides source and sensor agnostic Internet threat visibility - to help users rapidly respond to enterprise network threats – often before they can impact operations. For more information, visit www.LGScout.com.
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