Xerox Ventures Invests in Cybersecurity Detection Automation Company Anvilogic’s Series B Financing Round21 July 2022
NORWALK, Conn., July 21, 2022 – Xerox Ventures, the corporate venture capital subsidiary of Xerox Holdings Corporation (NASDAQ: XRX), today announced its investment in Palo Alto-based cybersecurity detection automation company Anvilogic’s $25M Series B financing round. This financing round was led by Neuberger Berman Group LLC, with participation from Xerox Ventures, Foundation Capital, Point72 Ventures, G Squared and Cervin Ventures.
With this investment, Xerox Ventures continues to execute on its overall strategy and vision, focused in part on early and growth-stage startups that are accelerating the use of intelligent applications and managed services to create more empowered businesses. Anvilogic’s automated SOC platform streamlines detection engineering workflows by helping security operations center teams assess cloud, network and endpoint environments vis-à-vis the MITRE ATT&CK framework, and build and deploy attack-pattern detection code automatically. By using Anvilogic’s product, businesses gain enhanced abilities to aggregate, detect, triage and respond to cyber threats and incidents using AI-based automation on a modern architecture. The company plans to use this new funding to further expand its go-to-market and research and development teams to further accelerate its growth and innovation.
“Anvilogic is addressing a rapidly expanding security operations software market that is seeing a growing need for automated cloud-based security platforms,” said Chris Fisher, managing director of Xerox Ventures. “The current threat landscape is extraordinarily challenging. Our team was impressed by Anvilogic’s passion, expertise and vision stemming from its strong operational and technical management, and its position as an early market leader, poised to tackle this challenge.”
“Securing Xerox Ventures as one of our investors further validates the value and promise we bring to the cyber detection and automation market,” said Anvilogic CEO & Founder Karthik Kannan. “Our investors recognize the impact we have on enterprises, thanks to our focus on high AI-based automation, integration, efficiency, and SOC modernization. We appreciate their support and look forward to what’s ahead for our partnership.”
This investment from Xerox Ventures is the latest addition to the fund’s portfolio, on the heels of LimaCharlie, Seurat Technologies and LinkSquares earlier this year. Learn more about Xerox Ventures here.
About Xerox Ventures
Established in 2021 as the corporate venture capital fund for Xerox Holdings Corporation, Xerox Ventures invests in early and growth-stage startups that emphasize Connected Work, Empowered Businesses and Green Enterprise. The company’s mission is to accelerate disruptive change – whether that be through software, cleantech, the internet of things (IoT/IIoT), advanced manufacturing, fintech, cybersecurity, or other deeptech avenues (software or hardware). More than an investor, Xerox Ventures offers its portfolio companies access to customers, tech partnerships, R&D support, and Xerox’s own wealth of expertise at the intersection of digital and physical.