Anvilogic

Company Overview

Anvilogic is a Palo Alto-based AI cybersecurity startup founded in 2019 by security veterans and data scientists from Fortune 500 companies. The company provides an AI-powered multi-data platform SIEM (Security Information and Event Management) solution used by enterprise SOC (Security Operations Center) teams.

Anvilogic’s mission is to democratize threat detection and hunting for SOC teams across hybrid, multi-cloud environments and security data lakes without requiring data centralization or replacement of existing tools. The company aims to lower the barrier to entry for detection engineering and threat hunting skills in cybersecurity.

Products Overview

Anvilogic’s key product is an AI-based SOC platform that provides:

• Multi-data platform coverage: Allows running threat detection rules across SIEM and data lake environments.

• Detection content library: Provides thousands of pre-built detection rules and threat scenarios that can be deployed across data platforms.

• Custom detection builder: Enables building new detection use cases easily using an AI assistant, without needing to be an expert in query languages.

• AI-powered automation: Automates detection-as-code creation, testing, tuning and deployment without requiring manual coding.

• Support for multiple data platforms: Works with Splunk, Snowflake, Azure Sentinel/Log Analytics and other data sources.

• MITRE ATT&CK mapping: Maps detections to the MITRE ATT&CK framework.

The platform aims to help SOC teams cut SIEM costs, reduce vendor lock-in, and close detection gaps across disparate data sources.

Founding Team

• Karthik Kannan - CEO/Founder, previously Head of Splunk’s Security business
• Deb Banerjee - CTO/Co-Founder, previously Chief Architect at Proofpoint & Symantec

Other key leadership includes:

• Mackenzie Kyle - VP of Product, previously Head of IR/SOC at JP Morgan Chase
• Omer Singer - VP of Strategy, previously Head of Cyber Strategy at Snowflake
• Shekar Kesarimanglam - VP of Engineering, previously Engineering Leader at Splunk
• Chas Larios - VP of Marketing, previously Head of Marketing at Palo Alto Networks
• James Hill - SVP of Sales, previously AVP Sales at Splunk

Problem and Market Fit

Anvilogic aims to solve several key challenges faced by enterprise SOC teams:

1. High costs and lock-in associated with traditional SIEM solutions
2. Detection gaps created when trying to cut SIEM costs by moving data to cheaper storage
3. Difficulty in adopting modern data lakes like Snowflake for threat detection
4. Complexity and manual effort required in building, tuning and maintaining detections
5. Lack of skills and resources to implement advanced threat detection and hunting

The company’s multi-data platform approach allows organizations to leverage both their existing SIEM investments and more cost-effective data lake solutions, addressing the need for unified threat detection across hybrid environments.

Business Model

Anvilogic appears to operate on a software-as-a-service (SaaS) model, providing its AI-powered SOC platform to enterprise customers on a subscription basis. The company likely charges based on factors such as data volume, number of users, or specific features used.

Funding and Runway

Anvilogic has raised several rounds of funding:

• 2021: $4.4M Seed round
• 2021: $10M Series A
• 2022: $25M Series B
• 2024: $45M Series C

Total known funding to date is $84.4M. The company’s ability to raise increasingly larger rounds suggests strong investor confidence and likely indicates a healthy runway, though specific financial details are not publicly available.

Competitive Landscape

Anvilogic operates in the competitive SIEM and threat detection market. While not directly stated, likely competitors include:

• Traditional SIEM vendors: Splunk, IBM QRadar, LogRhythm
• Cloud-native SIEM providers: Microsoft Sentinel, Google Chronicle
• Threat detection platforms: Exabeam, Securonix, Rapid7 InsightIDR

Anvilogic differentiates itself through its multi-data platform approach, AI-powered automation, and ability to work across existing SIEM and data lake environments.

Customers

Anvilogic’s customers include several prominent companies across various industries:

• Technology: PayPal, eBay, Alteryx, Crypto.com
• Financial Services: First Citizens Bank, TradingWeb
• Healthcare: Regeneron Pharmaceuticals
• Retail: TJX Companies
• Professional Services: Deloitte
• Education: St. George’s University

The company claims a 100% customer renewal rate, indicating strong customer satisfaction and product-market fit.

Relevant News

• March 2024: Anvilogic announced a $45M Series C funding round and was named to Forbes’ list of America’s Best Startup Employers for 2024.

• Throughout 2023: The company launched a generative AI-based co-pilot to enhance platform capabilities and reportedly doubled its customer base.

• 2022: Anvilogic was named “Overall Cybersecurity Startup of the Year” by Cybersecurity Breakthrough Awards.

The company has also received numerous other industry awards and recognitions for its innovative approach to threat detection and SOC operations.