Bay Dynamics lands another $23 million to speed expansion

The security company competes in the behavior-analytics market to detect risky behavior

Security-analytics firm Bay Dynamics has pulled down $23 million more in venture funding to help the company speed up its international expansion and execution of its action plan to reach customers and differentiate itself from competitors.

The Series B financing is led by Carrick Capital Partners and includes Series A investor Comcast Ventures.

The company claims hundreds of customers including some of the Fortune 50.

Bay Dynamics’ Risk Fabric ranks the riskiest users, devices, applications and other network entities, according to a report by Gartner on User and Entity Behavior Analytics, the category in which it places Bay Dynamics. The platform can discover insider threats as well as data theft, and can analyze likely attack surfaces in customer networks, Gartner says.

It does this by drawing on input from security platforms made by other vendors including Symantec, FireEye, HP, Microsoft, Qualys, CA and ThreatConnect, and analyzing the data to expose and halt risky behavior.

It competes against the likes of Exabeam, Fortscale, Gurucul, LightCyber, Rapid7, Splunk and Varonis.

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