Intel Leads $20M Round For Solera Networks
Solera Networks just announced that it has raised $20 million in Series D funding from Intel Capital (the chip-maker’s investment arm) and others.
The company says its DeepSee Platform can index and classify all network traffic, giving companies a comprehensive picture of their network security in real-time, either for spotting risks before a security breach or responding quickly once a breach has occurred. Both domestic and international sales supposedly grew more than 100 percent last year.
Previous investors Allegis Capital, Signal Peak Ventures, and Trident Capital also participated in the new round. Solera says it will use the money to expand global sales, marketing, and product development. It also notes that Intel’s expertise should help with future product improvements.
“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,” said Intel Capital Investment Director Sean Cunningham in the funding press release. “We see companies continuing to realize that real-time, intelligent incident response is now an essential component of their security strategy. Solera Networks delivers a scalable, high-performance solution that addresses these challenges and is the only independent platform capable of broad integration.”
Leave a Reply