Copenhagen-based LogPoint, which provides cybersecurity automation and analytics solutions to help companies make better security, compliance and business decisions, has raised $30 million in Series B funding.
The financing round was led by Germany-based growth equity investor Digital+ Partners with participation from existing investors, including Evolution Equity Partners. With the Series B investment, LogPoint has raised a total of $42 million.
LogPoint’s offers security information and event management (SIEM), and other (self-described AI-driven) analytics and automation tools that aim to enable its customers to build, manage and transform their businesses while defending them from cyberattacks.
"In LogPoint, we’ve identified an ideal combination of technology, intellectual and human capital, and growth potential, which makes the company a perfect fit for our portfolio. Our key focus is supporting global scale-up strategies, and with more than 1.000 customers globally, LogPoint is ready to scale," said Thomas Jetter, co-founder and managing director of Digital+ Partners, who will be joining the company's board of directors.