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Alert Logic Raises $12.6M

Houston-based Alert Logic, which provides security software-as-a-service, said Monday that it has raised $12.6M in a Series E funding round. The round came from existing investors Updata Partners, Covera Ventures, DFJ Mercury, and Access Venture Partners, as well as its management team. The firm said the funding will go to scale out its business. As part of the funding, Alert Logic said it has reached a $20M annualized revenue run rate for its business; however, the firm did not detail profitability of its business. More information »