Arlington, V.A.-based Lookingglass Cyber Solutions, a cybersecurity software company contracted by companies to help protect against targeted attacks, has raised a $20 million Series B round led by Neuberger Berman Private Equity Funds. Alsop Louie Partners were also involved in the round. The investment comes only three weeks after Lookingglass announced the acquisition of CloudShield LLC, a Deep Packet Processing (DPP) platform provider, along with news that its revenue growth exceeded 240 percent.
The firm is known for its threat intelligence management system, which delivers content, context and visibility regarding cyberthreat risks and security operations.
.@AkGovBillWalker wants agencies to review #cybersecurity after attacks http://t.co/bJXSi2NcI4 via @beckybohrerap
— Lookingglass (@LGScout) March 24, 2015
Chris Coleman, Chief Executive Officer of Lookingglass, stated in a press release “establishing a partnership with Neuberger Berman Private Equity Funds, as well as continued support of Alsop Louie Partners and our other investment partners, positions Lookingglass to continue to develop a world class team, in support of continued execution of our strategic plan.”
Paul Daggett, a Principal of Neuberger Berman Private Equity, will join the Board of Directors at Lookingglass. “We are very impressed with the Lookingglass management team, product suite and their ability to execute on delivering world class products in a rapidly growing market,” said Daggett.
“…The growth of the company along with its acquisition of CloudShield, make Lookingglass a disruptive industry leader in the cyber security market,” said Gilman Louie, a Partner with Alsop Louie Partners.
