# Alert Logic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alert-logic

- Industry: IT Infrastructure
- Headquarters: Houston, US
- Website: www.alertlogic.com
- Total disclosed funding: $40M
- Latest round: Series F (Jun 5, 2012)
- Investors on record: 7

## About

Alert Logic, Inc. provides managed security services focusing on extended detection and response, managed detection and response, and web application firewall solutions to protect various IT infrastructure layers.Founded in 2002, Alert Logic, Inc. is headquartered in Houston, US, and offers managed security services. The company was acquired by HelpSystems LLC in April 2022 from Welsh, Carson, Anderson & Stowe. The founder, Matthew Harkrider, established Alert Logic to address cybersecurity needs. Alert Logic has raised a total of USD 12.20 mn, with its latest investment round being Series F on March 9, 2022, involving investors such as Access Venture Partners and Updata Partners.Alert Logic specializes in providing comprehensive managed security services, focusing on extended detection and response (XDR), managed detection and response (MDR), and web application firewall (WAF) solutions. These offerings secure various layers of IT infrastructures, leveraging a cloud-native technology platform supported by a global team of security experts, ensuring 24/7 monitoring and threat detection. The services cater to a diverse clientele across sectors such as healthcare, finance, and retail, aiming to enhance security against evolving cyber threats in regions including North America, Europe, and the Asia-Pacific.In the most recent year, Alert Logic generated revenue amounting to USD 43.00 mn. The company primarily utilizes a subscription-based model, allowing clients access to its security services through contracts that may involve multi-year agreements for ongoing monitoring and threat detection. Their product offerings, particularly Alert Logic XDR and MDR, are central to their revenue generation strategy, providing vital tools for combating cyber threats effectively.Following its acquisition by HelpSystems LLC in April 2022, Alert Logic plans to leverage this opportunity to expand its managed services offerings. The company aims to strengthen its product portfolio by developing new services tailored for customers looking to enhance their security teams. The recent funding from the Series F round will support these initiatives, focusing on improving the breadth of services offered to clients. Alert Logic is also targeting expansion into new global markets, specifically in Europe and the Asia-Pacific region, to address the growing demand for comprehensive cybersecurity solutions.

## Funding rounds

- Series F, Jun 5, 2012, $12M — Updata Partners, Industry Ventures, Covera Ventures, OCA Ventures, DH Capital, Access Venture Partners, Mercury
- Series E, Apr 11, 2011, $13M — Updata Partners, Covera Ventures, Access Venture Partners, Mercury
- Series C, Mar 4, 2008, $8.3M — Updata Partners, Covera Ventures, OCA Ventures, Access Venture Partners, Mercury
- Series B, Jun 30, 2006, $5M — Covera Ventures, OCA Ventures, Access Venture Partners, Mercury
- Series A, Sep 19, 2005, $2.3M — OCA Ventures, Access Venture Partners, Mercury

## Investors

- OCA Ventures (https://capitalatlas.ai/funds/oca-ventures) — Series A, Series B, Series C, Series F
- Access Venture Partners (https://capitalatlas.ai/funds/access-venture-partners) — Series A, Series B, Series C, Series E, Series F
- Mercury (https://capitalatlas.ai/funds/mercury) — Series A, Series B, Series C, Series E, Series F
- Covera Ventures (https://capitalatlas.ai/funds/covera-ventures) — Series B, Series C, Series E, Series F
- Updata Partners (https://capitalatlas.ai/funds/updata-partners) — Series C, Series E, Series F
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series F
- DH Capital — Series F