ProtectWise, a Denver, CO-based provider of an enterprise network security platform, raised more than $17m in financing.
Backers included Crosslink Capital, Trinity Ventures, Paladin Capital Group, and Arsenal Venture Partners.
The company intends to use the funds to scale business operations and continued product development and innovation.
Founded in April 2013 and led by CEO Scott Chasin CTO Gene Stevens, ProtectWise provides the Cloud Network DVR, a virtual camera in the cloud that records everything on the network. The service allows security professionals to see threats in real time and continuously goes back in time to discover previously unknown threats automatically. It also correlates threat detection from proprietary research, machine learning, flow-based traffic algorithms as well as multiple commercial intelligence feeds across its customer base–providing collective security.
Early adopters come from the media & entertainment, technology, financial services, and healthcare sectors.
FinSMEs
24/03/2015