Funding

RedSeal raised $17M in Series C funding

83 Views

What does RedSeal do?

RedSeal, is a 11 year old network security startup which develops security risk management software and solutions that helps organizations to eliminate cyber threats.RedSeal provides a cybersecuirty analytics platform to 2000 organizations globally which certifies their evolving netweoks are safe and secure and accelerates compliance initiatives.

Its advances analytics engine creates functioning network models, tests networks for identifying risks in security and prioritizes necessary actions and provides critical info for quickly remediating issues. Thus, there is decreased cyber security risk and less incident response and costs of maintenance.

How much RedSeal was funded?

RedSeal has raised $17M in Series C round on April 6th, 2015 from investors Tyco International, Math Venture Partners, DRW Venture Partners, Pallasite Ventures, Sutter Hill Ventures and Venrock.

Previous funding

  • $17.1 M in Series B on May 3rd, 2007 from Sutter Hill Ventures, Leapfrog Ventures, Icon Ventures and Venrock.
  • $12M / Series C on October 1st, 2009 from Icon Ventures, OVP Venture Partners, Sutter Hill Ventures, Leapfrog Ventures and Venrock
  • Undisclosed amount in Venture round in December, 2010 from In-Q-Tel
  • $10M in Venture round on November 16th, 2011 from Leapfrog Ventures, Sutter Hill Ventures, Icon Ventures, Venrock and OVP Venture Partners

What is next for RedSeal?

The latest funding round brings the company’s total venture funding to $75 M. The new funding will be used for building out the team and specifically hiring more engineers and for marketing and training to develop the company.

More about RedSeal

RedSeal was found in 2004 by Alain Mayer and Brian Laing. It is headquartered in Sunnyvale, CA.

RedSeal develops security risk management software and solution and helps companies in eliminating cyber threats. It works ahead of cyber criminals by calculating all the possible internal and external attach path to the most priced network assets before the cyber criminals do.

Over 200 organizations and government agencies worldwide use RedSeal network.

 

Related Posts