ARLINGTON, Va.--(BUSINESS WIRE)--Lookingglass Cyber Solutions Inc., the leader in threat intelligence that transforms security operations, announced today that it has raised a Series B round led by Neuberger Berman Private Equity Funds, with participation by Alsop Louie Partners. The funding strengthens Lookingglass’ ability to deliver a dynamic defense solution to large and influential businesses and government agencies.
Lookingglass empowers confident, real-time decision making by offering focused, verified, multi-source information through a unique lens that customers use to create active intelligence for effective decision making. This investment acknowledges the importance of combining threat intelligence with policy enforcement to directly address escalating threats, and it positions Lookingglass to deliver the most comprehensive, scalable and secure cyber network defense platform.
Chris Coleman, Chief Executive Officer of Lookingglass, stated “establishing a partnership with Neuberger Berman Private Equity Funds, as well as continued support of Alsop Louie Partners and our other investment partners, positions Lookingglass to continue to develop a world class team, in support of continued execution of our strategic plan.”
Coming on the heels of Lookingglass’ recent acquisition of CloudShield LLC and the company’s announcement on revenue growth exceeding 240%, this Series B funding further validates Lookingglass’ position as a leading innovator in threat intelligence solutions. Lookingglass was advised by ARC Securities on this transaction.
Paul Daggett, a Principal of Neuberger Berman Private Equity, will join the Board of Directors of Lookingglass. “We are very impressed with the Lookingglass management team, product suite and their ability to execute on delivering world class products in a rapidly growing market,” remarked Mr. Daggett. “We look forward to working with the Lookingglass team as they continue to lead and define the dynamic threat intelligence space.”
Gilman Louie, Partner with Alsop Louie Partners added, “ALP is excited to continue our support of the vision and execution of the Lookingglass team. The growth of the company along with its acquisition of CloudShield, make Lookingglass a disruptive industry leader in the cyber security market. We look forward to working with Paul and Neuberger Berman in continuing to support Lookingglass’ leadership in this rapidly growing market opportunity.”
Lookingglass will continue to enhance its products and support while integrating specific threat intelligence capabilities such as service enabled control through machine-readable threat intelligence (MRTI). MRTI is a critical component of delivering real-time active threat defense.
Lookingglass’ threat intelligence management system delivers content, context and confidence in risk and security operations decision support. The Lookingglass product portfolio increases visibility within and beyond the network perimeter, allowing customers to continuously assess and mitigate threats. Lookingglass products are data and feed agnostic, supporting commercial and open source threat intelligence feeds, while delivering proprietary threat and Internet intelligence.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 18 countries, Neuberger Berman’s team is more than 2,100 professionals and the company was named by Pensions & Investments as a 2013 and 2014 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $250 billion in client assets as of December 31, 2014. For more information, please visit our website at www.nb.com.
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. www.alsop-louie.com
About Lookingglass Cyber Solutions
Lookingglass, the leader in threat intelligence that transforms security operations, empowers confident real-time decisions through focused verified multi-source information. We provide a unique lens to information customers may already have, creating active intelligence for effective decisions. Lookingglass is transforming the art of threat intelligence with innovative technology that empowers customers with complete and relevant risk information, delivering confidence, streamlining workflows and dramatically driving efficiencies. Our threat intelligence management system delivers content, context and confidence in risk and security operations decision support. This platform increases visibility within and beyond the network perimeter, enabling customers to continuously assess and mitigate threats. For more information, visit www.LGScout.com.