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Solera Networks Raises $20 Million in Series D
This is a Press Release edited by StorageNewsletter.com on Tue, January 31st, 2012
Jump right to our comments
Led by Intel Capital
Intel Capital is joined by existing investors Allegis Capital, Signal Peak Ventures and Trident Capital.
The new funds will help support the company's growth by further expanding global sales, marketing and product development initiatives.
"With increasingly large amounts of data crossing corporate networks, organizations must balance advanced threat prevention with an aggressive and proactive response system to be fully prepared when an inevitable breach occurs. We see companies continuing to realize that real-time, intelligent incident response is now an essential component of their security strategy," said Sean Cunningham, Intel Capital Investment Director. "Solera Networks delivers a scalable, high-performance solution that addresses these challenges and is the only independent platform capable of broad integration. We are very optimistic about where Solera is headed."
Solera's Series D financing round follows a year of momentum - with domestic and international growth exceeding 100% in 2011. Its DeepSee platform continues to redefine rapid and proactive threat response using advanced Deep Packet Inspection capabilities to capture, index and classify all network traffic in real-time. Moreover, Solera delivers an independent platform capable of broad integration with best-in-class security tools.
The addition of Intel Capital and its expertise with processor, networking, and storage technologies is expected to fuel more advanced capabilities in future product releases.
"Malware entering the network and key intellectual property leaving are top-of-mind for every Chief Information Security Officer, and for Solera Networks. We're providing complete visibility into what's happening on the network, including all threats coming in and all data going out, allowing organizations to shut down breaches before they result in widespread loss," said Steve Shillingford, President and CEO of Solera Networks. "We're seeing broad adoption of our full-fidelity 'camera for your network' technology, providing CISOs and CEOs the added assurance that all breaches are contained, maintaining our customers' reputation and mitigating their financial risk."
Analyst Andrew Hay of 451 Research said: "For comprehensive threat protection, organizations need complete network visibility; this, coupled with advanced analytics and intelligence, will enable businesses to respond faster to security threats. Solera's focus in this area, combined with growing market awareness and interest in network and security visibility, will likely help propel the company's growth in 2012 and beyond."
Our comments :
Born in 2004, the company, based in Salt Lake City, UT, got formerly
$3.9 million in 2006, $5 million in 2008, $7 million in 2009 and $15
million in 2010.
Total is now at least $50.9 million.
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