VirtualMetric, based in Amsterdam, has made headlines with its recent funding success. By securing €2.25 million, the company has positioned itself to expand its technological capabilities and enhance operational efficiencies. As cybersecurity threats evolve, VirtualMetric aims to help organizations manage the overwhelming volume of security data. This initiative comes at a time when data security is paramount for businesses globally. With support from TIN Capital and Auriga Cyber Ventures, VirtualMetric plans to address the challenges of telemetry management, a key bottleneck in cybersecurity.
VirtualMetric has consistently emphasized improving security operations by streamlining data processes. Past reports highlighted the company’s commitment to reducing telemetry costs and improving data routing. Previously, they focused on optimizing existing systems without additional resources, a trend that continues as they receive this new funding. Comparatively, the latest funding round indicates a broader growth strategy, targeting markets beyond current geographic boundaries and enhancing technological innovation.
Why is Cybersecurity Telemetry Challenging?
Telecom and tech enterprises face mounting telemetry challenges. As security data logs and alerts pile up, managing this vast amount of information becomes cumbersome and costly. Large organizations find themselves spending as much as $10 million annually on Security Information and Event Management (SIEM) systems. The steep costs associated with telemetry are influencing cybersecurity budget constraints, leaving fewer resources for new detection solutions. This financial strain necessitates innovative strategies like those VirtualMetric plans to employ.
How VirtualMetric Is Enhancing Cybersecurity?
Founded in 2011 by Yusuf Ozturk, VirtualMetric offers IT monitoring and log management solutions designed to simplify complex telemetry environments. By improving data handling, it helps enterprises refine, filter, and shape data for better usability. The technology reduces SIEM platform ingestion volumes by up to 90% while minimizing manual efforts significantly. Such measures give security operations centers greater control over their operating environments, ultimately aiding companies in maintaining robust security profiles.
“We’re scaling fast and hiring across roles to meet growing demand,” remarked Jimmy Wind, CEO of VirtualMetric. “The telemetry challenge is global, and we’re just getting started.”
VirtualMetric stands out with its ability to automate and scale services, reducing manual log processing efforts. Service providers like Wortell Enterprise Security benefit from this streamlined approach, as it allows them to enhance service quality without expanding their teams. This is crucial in a field where the threat landscape constantly shifts and evolves.
Additionally, VirtualMetric’s platform is designed for seamless integration with Microsoft (NASDAQ:MSFT) Sentinel, Azure Data Explorer, and Azure Blob Storage. Logs are indexed based on importance and urgency. Its Write-Ahead Log (WAL) ensures real-time data processing while maintaining full forensic integrity.
“Our system delivers unmatched performance, processing vast telemetry streams in seconds,” Yusuf Özturk, CTO, commented on their solution’s efficiency.
VirtualMetric’s recent financial backing highlights not only the confidence investors have in their solutions but also the increasing importance of efficient telemetry management in cybersecurity. The industry’s need for cost-effective and efficient data handling solutions continues to grow. With this new funding, VirtualMetric is well-placed to advance its technology, meeting the needs of cybersecurity professionals globally. Businesses may find their innovative offerings crucial in confronting cybersecurity threats, ensuring they stay ahead in an ever-evolving digital landscape. Insights from VirtualMetric’s case exemplify the kind of innovation required to keep pace with data security challenges today. As organizations move forward, strategic investments in telemetry infrastructure remain pivotal for sustaining competitive advantage.
