By Telecom Lead Team: Solera Networks, a
provider of Network Security Analytics, has secured $20 million in Series D
financing led by Intel Capital.
Other existing investors such as,
Capital, Signal Peak Ventures and Trident Capital have also
joined Intel Capital for the funding.
Solera Networks expects that the new funds will support the company’s rapid growth by further
expanding global sales, marketing and product development initiatives.
Solera’s Series D financing round follows a
year with domestic and international growth exceeding 100 percent in 2011. The
addition of Intel Capital and its expertise with cutting-edge processor,
networking, and storage technologies is expected to fuel more advanced
capabilities in future product releases.
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.
“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, capital
investment director at Intel.
“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.
The company said that it is seeing broad
adoption of its 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.
“Solera’s focus in threat protection,
combined with growing market awareness and interest in network and security
visibility, will likely help propel the company’s growth in 2012 and beyond,”
said Andrew Hay, analyst at 451 Research.
