Cyber Startup Awake Security Debuts with $31 Million in Funding

In stealth mode for the past two years, the cybersecurity startup Awake Security is now ready for its public debut.

Based in Mountain View, Calif., Awake’s founding team includes alumni of several tech and cybersecurity mainstays, including HP (hpe), CipherCloud, Cylance, FireEye (feye), McAfee (mfe), RSA, and VMware (vmw). The company, which has done no press outside of a brief mention of its existence in Forbes in April, is using big data and machine learning to help corporate security teams defend their networks.

Awake was incubated within the venture capital firm Greylock Partners by Michael Callahan, Awake’s cofounder and CEO and former Greylock entrepreneur in residence. Callahan previously served as cofounder and chief technology officer of PolyServe a big data infrastructure company that sold to HP in 2007 for an undisclosed sum, which Fortune has been told was in the 9-figure ballpark.

In addition to $8.7 million in initial funding from Greylock, Awake raised a second round of $22.5 million from Bain Capital Ventures at the end of last year. The company’s total funding comes to $31.2 million to date.

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Awake, now about 35-people strong, has developed an analytics product that parses network traffic and builds behavioral models of the activity within organizations. The tech is designed to be used within security operations centers, where companies manage their digital defenses, to help alert-fatigued teams more readily identify, investigate, and hunt for threats.


“We’re supercharging the ability of analysts to answer the questions they need to answer every day,” Callahan tells Fortune. “When you install this thing it’s like turning the lights on—all the creepy crawlies taking advantage of the dark are now suddenly visible.”

Awake’s technology has drawn comparisons to that of the British cybersecurity firm Darktrace, which raised $75 million in funding for its AI-powered approach to security last week,…

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