💰The Funding Letter #1407: May 1

beehiiv, Island, Corelight, and more...

May 01, 2024

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Good Morning! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City.

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Source: @overheard_sales

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🌎 Americas

beehiiv has developed the newsletter platform built for growth, offering advanced customization and superior analytics to help creators monetize and scale their email content and build strong communities. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $33M, Series B

Round Investors: New Enterprise Associates (lead), Lightspeed Venture Partners, Sapphire Sport

🚀Growth Focus: Enhance its engineering efforts, scale its support teams to improve the overall capabilities and user experience of the platform; accelerate the growth and effectiveness of their user acquisition.

HQ: New York, NY

Industry: Software Development

Employee Count: ~60 (⚡41% increase in last 6 months)

Corelight provides a network visibility software platform that generates actionable, real-time data for security teams worldwide through its family of network sensors, enabling information security professionals to understand network traffic deeply and take action to stop and prevent cyber attacks. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $150M, Series E

Round Investors: Accel (lead), Cisco Investments, CrowdStrike Falcon Fund

🚀Growth Focus: Accelerate growth in AI and cloud security as Corelight helps customers find and disrupt advanced attacks.

HQ: San Francisco, CA

Industry: Computer and Network Security

Employee Count: 281

🔥Open Sales Gigs: Currently Hiring

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