Corelight Announces $150M Series E Financing Led by Accel

Gunderson Dettmer represented Corelight, a leader in open network detection and response, in its $150 million Series E financing led by Accel. Corelight transforms network and cloud activity into evidence that security teams use to proactively hunt for threats, accelerate response to incidents, gain complete network visibility and create powerful analytics. The company will use the new capital to accelerate Corelight's AI-driven security innovation, cloud-native security capabilities, and data fusion partnerships with leading cybersecurity platforms to deliver transformative capabilities for SOC analysts and incident response teams.

Gunderson Dettmer represented Corelight in its previous $50 million Series C and $75 million Series D financings.

In the announcement of the transaction, Corelight CEO Brian Dye said, "Corelight uses the network to provide ground truth evidence of adversarial movement, and the use case for that data is unbounded. Customers and partners are broadly adopting Corelight to drive advances in AI-driven security operations, cloud visibility and detection, and next-generation SIEM platforms. We are excited to collaborate with CrowdStrike, Cisco and Accel as we continue to innovate and serve the needs of our mutual customers."

The Gunderson Dettmer deal team was led by Joe Raffetto and included Gregory Kinzelman, Colin Chapman, Anna Westfelt and associates David Behrend, Vard Danielyan, Frida Alim, Yue Yang, Will Bassett and Killian McDonald.

Companies
Corelight
Accel