Bandura Systems, which was the pioneer of the threat intelligence gateway (TIG) in part with the U Oh, S Department of Defense announced today that it has closed its Seed Funding Round That’s $3 Five million funding came from Blu Ventures, Gula Tech Adventures, Maryland Tech Development Corp. (TEDCO), Prosper Women Entrepreneurs (PWE), SixThirty, SixThirty Cyber and UMB Financial Corporation; TIGs are stand-alone threat prevention devices that can process millions more threat indicators than traditional network security enforcement approaches. They help protect corporate networks by more effectively blocking known threats and making intelligence threats workable. They also complement and improve the performance of existing security solutions such as firewalls and security information and event management (SIEM) software to reduce the number of events that need to be detected and responded to, making employees more effective.
The funding will be used to support the increasing demand for Bandura Systems PoliWall TIG, whose revenue quadrupled in 2017. Bandura is expanding its executive team, recently hired prominent cyber security executive Chris Fedde as its new CEO, and today announced Todd Weller as its Chief Strategy Officer. Fedde helped Bandura to close the round quickly and position the company for future growth Weller will drive strategy and implementation across corporate development, marketing, product management, and strategic alliances and partnerships. Prior to Bandura, Weller served as Deputy Chairman of Corporate Development and Marketing at Hexis Cyber Solutions, Inc. which was sold to a firewall vendor owned by investors in Silicon Valley. As a Wall Street analyst, he spent almost two decades covering cyber security in some of the world’s leading financial services firms, such as Stifel, Nicolaus & Company, and Legg Mason.
“The cyber security market has been heavily focused on identifying ‘advanced’ threats, but this has put pressure on security teams to effectively and efficiently block the huge volume of known hazards,” said Fedde. “Threat Intelligence Gateways fill this role by addressing a key gap in existing security controls that are not built to consume threat indicators for millions of bad IPs and domains that exist. I’m excited to join Bandura, the company that pioneered TIGs, as companies of all sizes can start using these Threat Intelligence Gateways. “That’s right.
According to Ron Gula, head of Bandura investor Gula Tech Adventures and former CEO of Tenable Network Security, “The cyber security industry has done a great job of producing threat intelligence, but Bandura can apply it. Bandura Systems enables organizations to be proactive in blocking these known threats to better protect their networks. “That’s right.
In addition to announcing its funding and a new executive appointment, Bandura is also announcing that it will have a dual headquarters today. Columbia, Maryland is now home to Bandura’s business headquarters and Lake St. Louis, Missouri’s headquarters for engineering To find the exact location of Bandura’s offices, go to https://bandurasystems Com/Contact us HTML html
About the Bandura System
Bandura Systems was a pioneer in the Threat Intelligence Gateway (TIG) in part with the U. Oh, S Department of Defence PoliWallTM is the most comprehensive, scalable and granular TIG platform on the market. Organizations around the world use TIGs for the automation and control needed to operate hundreds of millions of threat indicators that block known threats before they even reach the network firewall. Underlying the robust technology of Bandura is more than 50 patents issued and pending Visit https://bandurasystems to learn more about how Bandura’s PoliWall TIG reduces an organization’s attack surface, operationalizes threat intelligence, and helps get more out of existing security investments. Come on,
Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/Bandura%20Systems/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at contact@investocracy.co
