EiQ Networks Raises $9.55M

What does EiQ Networks do?

eIQnetworks, is a pioneer in hybrid SaaS security and continuous security intelligence services. The company offers SecureVue, which is an online platform which provides risk, security and compliance solutions for organizations.  The company helps customers in more effectively managing security operations and comply with regulations.  The company is redefining security and compliance management by bringing together the best things on SIEM, Configuration audit, log management and compliance reporting by aggregating and correlating not only logs, but adding asset, configuration, vulnerability, performance and networks flow data.

How much EiQ Networks was funded?

EiQ Networks raised$9.55M in Series C on January 19, 2016 from Jay Reddy, Arrowroot Capital and Vijay Basani.

Previous funding

• $10M in Series A on January 21, 2009 from Venrock
• $2.75M on January 8, 2010
• $2M on September 3, 2010
• $750k on June 15, 2012
• $1000k on March 24, 2015

 What is next for EiQ Networks?

The latest funding has followed on the completion of a record breaking year for the company including the adoption of its SOCVue security services by many new consumers and a nearly 12 new partners. The company has raised a total of $30 M to date.

EiQ Networks plans to use the funding for accelerating its new customer acquisition through more investment in sales and marketing initiatives and Hybrid SaaS security services delivery.

More about EiQ Networks

EiQ Networks was founded in 2001 by Vijay Basani and Jay Reddy. It has its headquarters in Acton, MA. The company is uniquely placed in delivering affordable, vulnerability and proactive security monitoring services via its hybrid SaaS model. The company has over 2,700 customers across multiple industries such as financial services, healthcare, retail, manufacturing etc. The civilian and government agencies rely on this company for their total security and compliance management requirements.

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