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Logrhythm

Acquired

Boulder, US · Delaware corporation · 3 known investors

LogRhythm is a Boulder-based SIEM, log management and security analytics vendor that merged with Exabeam in July 2024.

Also known as LogRhythm Inc · LogRhythm, Inc. · Security Conscious, Inc.

Founders & leadership

CP
Chris PetersenFounder
AS
Andrew S GrolnickExecutiveAdvisor at Delta-v Capital
MC
Mark C VellequetteExecutive
JR
John R DianaExecutive
WJ
William J SmithExecutive
RL
Robert LentzNamed on SEC filing
MC
Mark C. VellequetteNamed on SEC filing
MM
Michael MajorsNamed on SEC filing
JZ
Joseph ZellNamed on SEC filing
AG
Andrew GrolnickNamed on SEC filing
DW
David WelshNamed on SEC filing

Board

VF
V Frank Mendicino IIIBoard director

Investors · 3

Reported raises · per SEC filings

Form D private placements

$80M disclosed across 3 of 4 rounds · 2011–2016

$39.5MraisedAug 2016 · 17 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Dick WilliamsDirector
  • Andrew S GrolnickExecutive Officer, Director
  • Mark C VellequetteExecutive Officer
  • V Frank Mendicino IIIDirector
  • Robert F LentzDirector
  • Chris PetersenExecutive Officer, Director
  • Jeffrey T ParksDirector
  • John R DianaExecutive Officer
  • William J SmithExecutive Officer
  • David S WelshDirector
  • Todd P HeadleyDirector
  • Karen L BlasingDirector
Offering amount
$39.5M
Amount sold
$39.5M
First sale
Aug 2016
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$466.4KraisedAug 2016 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Chris PetersenExecutive Officer, Director
  • John R DianaExecutive Officer
  • Robert F LentzDirector
  • David S WelshDirector
  • V Frank Mendicino IIIDirector
  • Jeffrey T ParksDirector
  • Dick WilliamsDirector
  • Mark C VellequetteExecutive Officer
  • William J SmithExecutive Officer
  • Karen L BlasingDirector
  • Andrew S GrolnickExecutive Officer, Director
  • Todd P HeadleyDirector
Offering amount
$466.4K
Amount sold
$466.4K
First sale
Aug 2016
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$40MraisedJul 2014 · 17 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Robert LentzDirector
  • Mark C. VellequetteExecutive Officer
  • Michael MajorsDirector
  • Frank Mendicino IIIDirector
  • Joseph ZellDirector
  • Andrew GrolnickExecutive Officer, Director
  • Dick WilliamsDirector
  • Jeff ParksDirector
  • Chris PetersenExecutive Officer, Director
  • David WelshDirector
Offering amount
$40M
Amount sold
$40M
First sale
Jul 2014
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

LogRhythm, Inc. was a security intelligence software company headquartered in Boulder, Colorado, specializing in security information and event management (SIEM), log management, network monitoring, user behavior analytics and security analytics. Its products helped organizations collect and analyze log data in order to monitor, detect, investigate and respond to cybersecurity threats, and were delivered both as self-hosted deployments and as cloud-native platforms.

The LogRhythm SIEM product family includes the core SIEM with Client and Web Consoles, an Advanced Intelligence Engine for correlation and alarming, Data Processor and Data Indexer components, System Monitor agents, NetMon network monitoring, Open Collector, LogRhythm NDR (formerly MistNet), LogRhythm UEBA (formerly CloudAI), Echo, TrueIdentity and a threat intelligence service. Product releases continue on a quarterly cadence under version 7.x, with recent releases adding AIE events on Data Indexer dashboards, a refreshed threat map, and support for Windows Server 2025 and Rocky Linux 10.

Since the July 2024 merger with Exabeam, LogRhythm operates as part of Exabeam, where LogRhythm SIEM is positioned as the self-hosted platform alongside Exabeam's cloud-native New-Scale security operations platform, which centers on behavioral analytics, AI agents and threat detection, investigation and response (TDIR).

Founding story

LogRhythm was founded in 2003 by Chris Petersen, who served as chief technology officer, and Phillip Villella, chief scientist. The company began in Washington, D.C. as Security Conscious, Inc., rebranding to LogRhythm and relocating to Boulder, Colorado in 2005. The founders focused on analyzing log data to identify potential security breaches, arguing that growing connectivity and reliance on technology were increasing exposure to cyberattacks.

Business model

LogRhythm sold security information and event management software to enterprise and public-sector organizations, offered in self-hosted/on-premises form as well as a cloud-delivered SaaS option (LogRhythm Cloud, launched 2019) and the cloud-native Axon platform (2022). The company maintained a direct US sales force alongside international operations. Following the 2024 merger, the LogRhythm SIEM product line continues to be sold and maintained as the self-hosted platform within Exabeam's portfolio.

Software licensing and subscription for SIEM, log management and related security analytics products, including licensed self-hosted deployments and SaaS/cloud offerings, with professional services, customer success and renewals functions.

Traction

By December 2011 LogRhythm reported more than 600 log management and SIEM customers and roughly 150 employees across the US, UK and Hong Kong, about 90 of them in Boulder, after raising $10 million earlier that year. The product line remains actively developed, with documented quarterly releases through 2026.

Latest developments

LogRhythm SIEM continues under Exabeam with quarterly releases; the 7.25.0 general availability release was dated 1 July 2026, followed by a 7.25.0.1067 release in August 2026. Recent LogRhythm SIEM updates include surfacing Advanced Intelligence Engine events directly in Data Indexer dashboards, a refreshed real-time threat map, support for Windows Server 2025 and Rocky Linux 10, and a Linux System Monitor Agent with near feature parity to the Windows agent. On the cloud-native side, Exabeam has added Agent Behavior Analytics detections, Anthropic Claude observability, the Nova Rule Creator, and OWASP Agentic Top 10 coverage mapping.

Full profile — market position, technology, go-to-market, geography, history

Market position

LogRhythm competed in the SIEM and log management market, which analysts at Frost & Sullivan projected at $891 million in revenue in 2011 with an 11 percent compound growth rate over the following five years. In 2011 the market consolidated as IBM acquired Q1 Labs and McAfee acquired NitroSecurity, making both large vendors direct competitors. The merged Exabeam entity has been recognized as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.

LogRhythm positioned its offering around unified log management, SIEM, network monitoring and user/entity behavior analytics in a single platform, with deployment choice across self-hosted and cloud environments. Within the merged Exabeam organization, the self-hosted LogRhythm SIEM is presented as the option for customers requiring on-premises control, flexibility and consistent performance at scale, complementing the cloud-native platform.

Technology

The platform ingests and processes large volumes of log data using log processing policies, global log processing rules and a message processing engine, storing and searching data via Data Processor and Data Indexer components with Kibana support. The Advanced Intelligence Engine performs correlation and generates alarms, while SmartResponse supports automated actions and Playbooks and Case Management support investigation workflow. Adjacent components cover network monitoring (NetMon, NDR), endpoint and system monitoring agents, user and entity behavior analytics (LogRhythm UEBA, formerly CloudAI), TrueIdentity identity resolution, threat intelligence feeds and APIs.

Go-to-market

The company used a direct US sales force plus international operations, supported by product documentation, release notes, webinars, guides, reports and demo requests. Quarterly product launch webinars are held for both the LogRhythm SIEM and the cloud-native platform under Exabeam.

Enterprise and public-sector security operations teams responsible for log management, compliance, threat detection and incident response, including large corporations concerned with data breaches and intellectual property theft.

Geography

Headquartered in Boulder, Colorado, with early operations including a US sales force and offices in the United Kingdom and Hong Kong. The company reported operations across North and South America, Europe, India, the Middle East, Turkey, Africa and the Asia Pacific region.

History

The company was founded in 2003 by Chris Petersen and Phillip Villella in Washington, D.C. under the name Security Conscious, Inc. It rebranded as LogRhythm and moved to Boulder, Colorado in 2005. By late 2011 it had raised $10 million at the end of the first quarter of that year, served more than 600 customers, and operated in the United States, the United Kingdom and Hong Kong. In May 2018 private equity firm Thoma Bravo announced a majority investment, completed in July 2018 on undisclosed terms. LogRhythm released a SaaS version of its NextGen SIEM Platform in 2019 and launched the cloud-native Axon platform in October 2022. In May 2024 LogRhythm announced a merger with rival SIEM vendor Exabeam; the deal closed in July 2024, with LogRhythm CEO Christopher O'Malley becoming CEO of the combined company under the Exabeam name.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
CustomersDec 2011600 customers
EmployeesDec 2011150 people
HeadcountAug 2026786

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 8

by search overlap
Netezza521 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Splunk360 shared keywordsSplunk offers a unified platform for security and observability that ingests and analyzes large-scale data across hybrid cloud environments. Its tools support security operations centers with analytics and automated response, and help teams monitor application and infrastructure performance.
Aeluros325 shared keywordsConsumer online privacy and security solutions; acquired by Opera and later Symantec.
Elastic237 shared keywordsElastic develops search-powered software for enterprises, offering products for search, observability, and security built on Elasticsearch. The company positions its technology to help organizations use their data for AI applications.
ArrowPoint227 shared keywordsCisco provides networking, data center, and security technology for enterprises, including infrastructure to run traditional and AI workloads and tools to keep organizations running against cyberattacks and outages. Its platform connects networking devices and monitors security events across corporate networks.
VividCortex208 shared keywordsSolarWinds offers an AI-powered IT operations platform for enterprise IT teams, providing monitoring, observability, incident response, IT service management, and database performance across hybrid IT environments. Its tools help organizations detect issues, reduce downtime, and meet service level agreements.
Crowdstrike162 shared keywordsCrowdStrike provides an AI-native cybersecurity platform that unifies endpoint, identity, cloud, SaaS, and AI protection to detect and stop breaches for enterprise organizations. It combines automated response with human-led security operations including managed detection and response, threat hunting, and security services.
Palo Alto Networks162 shared keywordsPalo Alto Networks provides cybersecurity platforms and services to protect organizations' digital infrastructure across cloud, network, and security operations. The company serves enterprise organizations, governments, financial institutions, utilities, and healthcare providers globally.

Companies competing with Logrhythm for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 7

launches, deals, and filings
Jul 2024
LogRhythm-Exabeam merger finalized

The merger closed in July 2024, with former LogRhythm CEO Christopher O'Malley named CEO of the combined company, which operates under the Exabeam name.

source ↗

May 2024
Merger with Exabeam announced

LogRhythm announced a planned merger with SIEM vendor Exabeam; financial terms were not announced, and Exabeam's most recent valuation was reported at $2.5 billion.

source ↗

Oct 2022
LogRhythm Axon cloud-native SIEM launched

LogRhythm introduced Axon, a cloud-native security operations/SIEM platform.

source ↗

Jan 2019
LogRhythm Cloud SaaS SIEM released

LogRhythm released a software-as-a-service version of its NextGen SIEM Platform, LogRhythm Cloud.

source ↗

Jul 2018
Thoma Bravo completes majority investment in LogRhythm

The majority-stake transaction with Thoma Bravo was completed in July 2018; financial details were not released.

source ↗

May 2018
Thoma Bravo announces majority investment in LogRhythm

Private equity firm Thoma Bravo announced it would acquire a majority interest in LogRhythm; the transaction closed in July 2018 with financial terms undisclosed.

source ↗

Jan 2011
Headcount expansion to 150 employees

LogRhythm added 15 employees since March 2011 and planned roughly 15 more by year end, targeting 150 staff across the US, UK and Hong Kong, with about 90 in Boulder; officials expected 200 employees by the end of 2012.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
LogrhythmDelaware

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Logrhythm do?
LogRhythm is a Boulder-based SIEM, log management and security analytics vendor that merged with Exabeam in July 2024.
Who founded Logrhythm?
Logrhythm was founded by Chris Petersen.
Who are Logrhythm's investors?
Logrhythm's investors include Access Venture Partners, Delta-v Capital, Riverwood Capital.
How much funding has Logrhythm raised?
Logrhythm has disclosed $80M raised across 3 of its 4 known rounds.
Where is Logrhythm headquartered?
Logrhythm is headquartered in Boulder, US.