Austin-based Click Security Lands $17.7 Million in Financing

Click Security a real-time security analytics company, has received $17.7 million in Series B financing.
The Austin-based company raised a Series A round led by Sequoia Capital of $7 million in 2011, bringing its total funding raised to $24.7 million.
Lightspeed Venture Partners led the round of financing with other investors including Citi Ventures and Sequoia Capital. Click Security plans to use the money to expand sales, marketing and engineering.
Click Security has customers in financial services, higher education, and retail. The company’s products alert companies to a cyber attack potentially hidden in big daa.
“Click’s core technology and solution approach has the potential to reshape the manner and speed of modern threat detection, analysis and early stage response. There still remains a significant gap in the way organizations safeguard against sophisticated attacks, and Click is approaching this with a very interesting solution model,” Mike Goguen, Managing Partner, Sequoia Capital, said in a news release.
“The business of global cybercrime, by some estimates, now exceeds $300 billion annually. Traditional security defenses are clearly not getting the job done. We believe Click Security has developed a unique approach to providing real-time visibility into the unknown – representing a game changer for organizations looking to take back their networks,” John Vrionis, Partner, Lightspeed Venture Partners, said in a news release.