Latest news with #Cribl
Business Insider
26-05-2025
- Business
- Business Insider
I spoke with the CFOs of Vercel, Mercury, and Cribl about doing business in uncertain times
With a shaky IPO market, tariff uncertainty, and stock market jitters, these are not easy times to be the chief financial officer of a late-stage tech company. Against that precarious backdrop, I sat down last week with the CFOs of Mercury, Vercel, and Cribl at the San Francisco office of CRV, one of Silicon Valley's oldest venture firms and an early investor in all three startups. "I'm expecting a lot more uncertainty," said Daniel Kang, CFO of Mercury, a fintech banking startup that recently doubled its valuation to $3.5 billion after raising $300 million in its latest funding round. "There's a lot of impact from what's happening in DC." All the turmoil means CFOs have to be more nimble, said Kang. Marten Abrahamsen, Vercel's CFO, was more upbeat. He does not expect a recession this year and predicts a stock market rally in the fall. "I think a lot of this is going to be fueled by some of the investments we see in AI, and we're already seeing it for some of our products that weren't even here a year ago," said Abrahamsen. "I'm very, very bullish on the remainder of this year and beyond." After President Donald Trump announced sweeping tariffs on imports from other countries on April 2, investors panicked and companies from the payments lender Klarna to the physical therapy startup Hinge Health halted their IPO plans. The pause turned out to be short-lived. Markets have rebounded after Trump rolled back the most severe tariffs and he said he would not fire Federal Reserve Chair Jerome Powell. Bankers are telling companies to go public while the window is open. This week, Hinge Health shares jumped 17% in its market debut after eToro, an Israeli trading platform, made a successful public debut on the Nasdaq, opening 34% above its IPO price. (Klarna's IPO is still on hold after the company reported mounting losses.) Abrahamsen does not think companies should wait until a better market comes along to IPO; instead, they should focus on what they can control. "There has been a fear of going public in Silicon Valley," he said. "Great companies can go public even if there's not a hot market out there. If you're an outstanding business, there's always going to be an opportunity." Asked why so few companies are going public, the panelists said companies do not want to deal with the headaches of being a public company when there is so much private financing available. There is also little pressure to IPO from investors and employees, according to Zachary Johnson, CFO of Cribl, a data management solutions startup that raised $319 million last year at a $3.5 billion valuation. "They understand that we're trying to build something that's going to be generational," said Johnson. "When we think about how we want to build this company, it's really about focusing on that durability and sustainability of growth." Johnson is hopeful that advances in AI can make Cribl even more attractive to investors when it goes public. He recently tasked everyone on his executive team to come up with an AI initiative. "There's some work to be done, but I'm optimistic that we can actually get some real returns on that by the end of this year," he said. "We're still in the early innings of AI."
Associated Press
28-04-2025
- Business
- Associated Press
Cribl and Palo Alto Networks Partner to Further Accelerate Adoption of AI-driven SecOps
SAN FRANCISCO, April 28, 2025 (GLOBE NEWSWIRE) -- Cribl, the Data Engine for IT and Security, today announced a strategic partnership with Palo Alto Networks to accelerate AI-driven SecOps and enable customers to upgrade even faster from legacy SIEM solutions to a modern, AI-driven platform. With this partnership, Cribl has a new integration with Cortex XSIAM, giving customers the choice and flexibility to further accelerate data onboarding, simplify proof of concept (POC) assessments, and make SOC transformation easier and more secure than ever. 'Teams in today's security landscape are overwhelmed by disconnected tools, alert fatigue, and inefficiencies that hamper their ability to efficiently detect and respond to sophisticated threats,' said Abby Strong, Chief Market Officer at Cribl. 'Bringing together the power of Cribl and Palo Alto Networks addresses this challenge head-on by combining AI-powered security operations with flexible data management. AI solutions require access to the most robust, comprehensive data that customers can control, enrich, and modify to ensure effective deployment. Cribl equips XSIAM's customers with the flexibility to access data across their security ecosystem, enabling them to transform their SOCs and stay ahead of evolving threats.' 'It's critical for companies to bring intelligence to their SOC in order to keep up with the rapidly evolving security landscape,' said Scott Burger, Lead Security Engineer at ServiceNow. 'Combining powerful AI capabilities with the data to fuel them is the best way to do this, and that's exactly what this partnership brings to our team. With total control over our security data, we can respond quicker, ensure compliance, and protect our organization.' Palo Alto Networks Cortex XSIAM transforms security operations by harnessing the power of AI and automation to stop threats at scale and accelerate incident response. By combining XSIAM's AI-driven insights with best-of-breed automation and unified data management, customers can now: 'As security environments become increasingly complex, data is essential for AI-powered security platforms to quickly detect and respond to threats at machine-speed,' said Pamela Cyr, VP of Technical Partnerships at Palo Alto Networks. 'Cortex XSIAM has already transformed the SOC for many organizations. We are excited to partner with Cribl, and this integration will help organizations to further accelerate their upgrade from traditional SIEM to a modern SOC.' 'Deloitte's security clients are navigating an unprecedented volume of data and increasingly sophisticated threats – challenges that legacy solutions can no longer address effectively,' said Kevin Urbanowicz, Managing Director and Security Operations leader at Deloitte & Touche LLP. 'Our team is at the forefront of driving strategic SOC transformation for our customers, helping them reimagine their operations with new technologies to secure the modern enterprise to meet the pace of today's threat landscape. By enriching Cortex XSIAM's AI-driven models with Cribl's broad, actionable data, we are able to provide an end-to-end solution that enables our customers to modernize their SOC and achieve their cybersecurity goals faster.' About Cribl Cribl, the Data Engine for IT and Security, empowers organizations to transform their data strategy. Customers use Cribl's vendor-agnostic solutions to analyze, collect, process, and route all IT and security data from any source or to any destination, delivering the choice, control, and flexibility required to adapt to their ever-changing needs. Cribl's product suite, which is used by Fortune 1000 companies globally, is purpose-built for IT and Security, including Cribl Stream, the industry's leading observability pipeline, Cribl Edge, an intelligent vendor-neutral agent, Cribl Search, the industry's first search-in-place solution, and Cribl Lake, a turnkey data lake. Founded in 2018, Cribl is a remote-first workforce with an office in San Francisco, CA. Media Contact Amy McDowell Offleash PR for Cribl [email protected]
