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Anvilogic Announces $25 Million in Series B Funding to Modernize Security Operations

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2 years ago

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Anvilogic, a modern Security Operations Platform that brings a cloud-based security data lake to life, announced today the company’s $25 million Series B funding. The round was led by Outpost Ventures – a Neuberger Berman fund, with participation from Xerox Ventures, G Squared, Foundation Capital, Point72 Ventures and Cervin Ventures. This round brings Anvilogic’s total funding to $40 million.

“In this emerging new world of cloud-first applications and multi-cloud workloads, it’s important to bring about similar modernization in security operations architectures, specifically when it comes to understanding the signals from newer cloud applications and correlating across them to weave together a complete picture of the threat landscape. Additionally, building out and operationalizing a security data lake to deliver threat detection and triage automation for the SOC is becoming mainstream,” said Karthik Kannan, Founder/CEO of Anvilogic. “Enterprises need a bridge to get to the modern world as there is far too much institutional knowledge and investment that cannot be thrown away overnight in favor of a new architecture. This is exactly what Anvilogic brings – an automation platform that bridges the legacy world to the cloud world and transforms security operations to a new, cloud-based modern architecture.”

Anvilogic is a cloud-based, modern, and automated Security Operations Center (SOC) platform. It enables security operations to function across on-prem, hybrid and multi-cloud workloads as well as security data lakes, while automating the majority of the traditional security workflows – detect, hunt, triage and response – all in a single platform. Security practitioners no longer have to worry about disparate tools or coding in tool-specific languages. Instead, they can work in a single detect & respond continuum fully enriched with context and integrated with downstream ticketing and case management systems like ServiceNow.

Purpose-built for security teams by security professionals, Anvilogic is designed to eliminate legacy approaches of traditional SIEMs. The AI-driven, community-connected threat detection, investigation and response capabilities help customers quickly navigate the threat detection journey, from maturity scoring to alerts to action, and create a modern, future-proof SOC.

“We are happy users of the Anvilogic SOC platform – it provides us the perfect force-multiplier effect we need in our detection engineering automation, and we look forward to the journey with their hunting & triage capabilities this year.”
     –  Steven Sterns, Senior Director of Information Security at eBay

“The Anvilogic Threat Detection Platform uses robust industry frameworks like the MITRE ATT&CK to empower SOC analysts to cut through the high noise and low signal problem plaguing most SIEMs in use today. The Anvilogic team is very customer-focused and their modern SIEM approach is an extension of our team and helps us remain defensive against any adversary.”
     –  Mark Eggleston, CISO at a leading global business services company

Anvilogic is building strong partnerships in the journey to become the leader in security operations automation and modernization. Anvilogic’s key partner, and market leader, in providing security data lakes is Snowflake, on whose platform Anvilogic has built an architecture for enterprise security transformation.

“Anvilogic’s quick growth is a testament to their commitment to solving difficult challenges the industry and its customers face. Snowflake looks forward to continuing to mobilize the world’s data in partnership with Anvilogic by delivering a security data lake strategy that bridges legacy enterprise stacks to modern cloud architecture, lowers costs and improves our joint customers’ overall security posture.”
     –  Omer Singer, Head of Cybersecurity Strategy, Snowflake

New investors, Outpost Ventures – a Neuberger Berman fund, and Xerox Ventures, see the innovative and promising nature of Anvilogic’s automation platform. Their support, network, and knowledge of the security industry is going to benefit Anvilogic in our growth over the next few years.

“The Neuberger Berman team values Anvilogic’s ability to leverage data and alerts from various sources and apply artificial intelligence to supercharge SOC analysts by automating the process of detecting advanced threats and triaging them successfully. I’ve known Karthik from the very beginning of this venture and the Neuberger Berman investment represents a continuation of my belief in the company. I’m excited to double down based on the product and strong, positive customer feedback. Karthik and the Anvilogic team have been at the forefront of securing the enterprise and modernizing the SOC. This team has the technical and industry chops to build the next big thing in this market.”
     –  David Dubick, Partner at Outpost Ventures, a Neuberger Berman fund

“Anvilogic’s AI-driven purpose-built platform automates detection, hunt, triage and response workflows and helps SOC teams mitigate threats. Xerox Ventures is dedicated to supporting the company as it further expands the team and continues to tackle the challenge of modernizing security operations across cloud data environments.”
     –  Dean Mai, Investment Director at Xerox Ventures

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Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

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Artificial Intelligence

Appian Named a Leader in the 2024 Gartner® Magic Quadrant™ for Process Mining Platforms Report

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May 3, 2024

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LONDON, May 3, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) today announced it has been named a Leader by Gartner in its 2024 Magic Quadrant for Process Mining Platforms report. The report evaluated 18 vendors and their product offerings. For more information, download a complimentary copy of the Gartner Process Mining 2024 report. 

Gartner defines Process Mining platforms as tools that deliver visibility and insights to technology innovation leaders that enable smart decision making and strong performance on an organisation’s critical priorities. Features that make Appian a leader in Process Mining, include:
Faster data prep that eliminates complex transformation with always-ready data from multiple sources.Automated process analysis and intelligent recommendations for where and how to take action.A low-code experience for measuring, monitoring, and optimising process performance—all within one platform.”We believe that Appian’s recognition in the Gartner Process Mining Platforms Magic Quadrant underscores our dedication to process excellence. Through Process HQ, we integrate data fabric, process mining, machine learning, and generative AI to streamline manual data prep, enabling businesses to gain insights swiftly and implement improvements easily,” said Michael Beckley, CTO and Founder of Appian. “Our unified approach merges Process Mining with AI-driven process automation, setting a new standard for efficiency and intelligence.”
Business users need greater visibility into the full breadth of their enterprise data and processes in order to maximise operational efficiency and strategic decision-making. By combining the latest technologies in data fabric, process mining, machine learning, and generative AI, Process HQ helps monitor and improve every business process built on Appian. Process HQ makes it easy to reduce costs, risks, and delays, improve compliance, and drive better business outcomes, without the need for costly and time-consuming data collection efforts.
Appian is now an industry leader across its value proposition to Design, Automate, and Optimise the most complex business processes. In addition to today’s announcement, Appian was named a Leader in the 2023 Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms report, and was ranked #1 for the Business Workflow Automation with Integration Use Case in the 2023 Gartner® Critical Capabilities for Enterprise Low-Code Application Platforms (LCAP) report.
To access the report and to learn more about Appian’s positioning, visit https://ap.pn/3y2ClZy. Register for our upcoming webinar Process Intelligence Made Easy: The Key to Better Business Decisions on June 20, 2024 at 12pm EST to discover how Process HQ can improve business processes.
Gartner disclaimerGartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About Appian
Appian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimise even the most complex processes, from start to finish. The world’s most innovative organisations trust Appian to improve their workflows, unify data, and optimise operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]
Follow Appian: LinkedIn, X, and X (UK).
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View original content:https://www.prnewswire.co.uk/news-releases/appian-named-a-leader-in-the-2024-gartner-magic-quadrant-for-process-mining-platforms-report-302135161.html

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Artificial Intelligence

Innodisk Introduces iCAP Air: Advancing Air Quality Management through Autonomous Decision-Making

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May 3, 2024

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TAIPEI, May 3, 2024 /PRNewswire/ — Innodisk, a global leader in AI solutions, has taken a pivotal step forward in environmental sustainability with the launch of its latest innovation, the “iCAP Air” air quality management solution. This solution empowers businesses worldwide to enhance air quality, sustainability, and human health. Additionally, business can benefit from monthly AI-generated air quality data report, providing valuable insights for informed decision-making.

Leveraging its expertise in edge computing and software and hardware integration, along with the expertise of its subsidiary Sysinno in air quality detection, Innodisk has achieved the development of the “iCAP Air” air quality management solution. This solution integrates advanced technology, including the innovative “iAeris7” air quality detector from Sysinno, to deliver accuracy in detecting temperature, humidity, fine suspended particles (PM2.5), suspended particles (PM10), carbon dioxide (CO2), formaldehyde and total volatile organic compounds (TVOC). It can also be customized to detect NO2, SO2, CO, NH3, and other air factors. At the same time, the iAeris7 device is known for its reliability, patented technology, and various international certifications, including those from SGS and FCC/CE/RoHS/NCC/BSMI.
The solution also includes the “iCAP Air Server,” designed to manage large-scale deployment and data from up to 100 air quality detectors, ensuring seamless integration and efficient operation, even in complex environments. Additionally, iCAP Air provides a user-friendly air quality management platform, enabling organizations to monitor air quality in real-time via a mobile app or internet browser, receive automatic alerts, and optimize air purification or exhaust ventilation system.
iCAP Air is a comprehensive solution that simplifies air quality management for users. It is tailored for medium to large-sized sites or densely populated, enclosed spaces such as medical institutions, smart manufacturing facilities, public transportation hubs, indoor parking facilities, and department stores. Innodisk’s “iCAP Air” air quality management solution represents a milestone for all businesses committed to leveraging technology for the greater good of air quality and society.
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View original content:https://www.prnewswire.co.uk/news-releases/innodisk-introduces-icap-air-advancing-air-quality-management-through-autonomous-decision-making-302135455.html

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Artificial Intelligence

Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options

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May 3, 2024

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VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.

What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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View original content:https://www.prnewswire.co.uk/news-releases/bitrue-expands-bitcoin-runes-offerings-with-gptv-listing-and-staking-options-302135402.html

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