Irish start-up Siren gets $10m Series A
Investigative intelligence platform Siren has announced its $10 million Series A funding round led by technology focused global growth equity fund Atlantic Bridge.
Also participating in the Irish start-up’s round was national security-focused venture capital firm DVI Equity Partners (DVI), early-stage business to business (B2B) venture capital ﬁrm Frontline Ventures and the Irish government agency Enterprise Ireland.
This round adds to Siren’s $4 million seed funding secured last year, putting its total funding at $14 million to date.
This new capital injection is paired with the announcement of Siren’s new board member Bob Griffin, former CEO of i2 – a European testing laboratory for analytics which was bought by IBM.
The board edition is part of DVI’s investment, as the investor was co-founded by Griffin, who is also on the boards for the Intelligence and National Security Alliance (INSA) and the National Cyber Forensics and Training Alliance (NCFTA).
“We believe Siren is a pioneer in a market that is about to explode,” says Griffin, who sees the start-up shaping the future direction of law enforcement, cyber security and financial fraud.
Sirens’ CEO John Randles says “it is critical to not only raise funds [in this sector], but also to have the right wealth of experience” which is why the start-up is excited to have Griffin onboard.
Currently the Irish company is firm in its belief that it’s the only solution on the market that can conduct “real-time big data correlations directly within Elasticsearch clusters”.