Careers at LogRhythm
LogRhythm’s mission is to provide security, intelligence and analytics solutions that enable customers to detect, respond to and neutralize threats before they result in a material breach or cyber incident
Security Information and Event Management (SIEM) software is built with the assumption that cyber security attacks are inevitable and that the best way to respond is to quickly identity, analyse and track intruders; close any security holes; and prevent additional breaches. It was a desire to improve SIEM systems through data analysis that led Chris Petersen and Phillip Villella to start LogRhythm in 2003.
The two founders met in Colorado in 2001 when Petersen was laid off from Enterasys, after the firm ran into financial trouble. By this time, Petersen was ready to start his own company after acquiring years of IT security and product marketing experience from work at PwC, Ernst & Young and Counterpane. Villella was working on his PhD at the time, specializing in creating algorithms to analyse large, complex sets of data. It was the combination of these skills and a desire to re-invent the SIEM field that led the pair to launch Security Conscious, Inc., which would later be renamed as LogRhythm.
The $100,000 Petersen made from the sale of his house in Washington DC sustained the firm during its first two years. Rather than seeking venture capital early, the partners decided to focus on creating a great product, finding customers and setting the firm’s direction and culture. In 2004, the firm moved to Boulder, Colorado and gained its first customer the following year. Around this time, Petersen met Andy Grolnick, an established blue chip executive, while playing tennis. By September 2005, Grolnick joined the team as LogRhythm’s CEO.
By September 2006, the company had made big sales to Amtrak and the Dallas Federal Reserve and the founders were ready to start accepting funding from angel investors. The firm used the new investment to grow rapidly, resulting in annual growth rates greater than 100% from 2007 to 2011. In 2012, LogRhythm partnered with Siemens Venture Capital Group, Adams Street Partners and Grotech Ventures to secure $15 million in investment. The following year the company was awarded the Global Frost & Sullivan Award for Market Penetration Leadership.
By 2016, LogRhythm had secured a total of $126.25 million from 12 investors over seven funding rounds. The company has used the funding to expand its own capabilities in product development and customer service, as well as expand into international markets. Today, the company has over 500 employees, with operations throughout North and South America, Europe and the Asia-Pacific region.
Benefits at LogRhythm
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