Bit9, the global leader in Advanced Threat Protection, announced today that it has recently closed $34. Series D funding of 5 million, led by the new investment partner Sequoia Capital Current investors Atlas Venture, Highland Capital Partners, Kleiner Perkins Caufield & Byers, and 406 Ventures also took part in the round Bit9 will use this capital to fund new product development efforts and expand sales and marketing capabilities to address the growing market demand for trust-based endpoint and server security technology.
“The market has reached a clear turning point where organizations of all sizes across all industries need a new approach to cyber security,” said Mickey Arabelovic, partner at Sequoia Capital. “Bit9 has emerged as a market leader with its trust-based security for endpoints and servers, and we’re excited to partner with them as they build a sustainable business. “That’s right.
Patrick Morley, President and CEO of Bit9, said: “This latest round of funding is the largest in the company’s history and underlines the support that Bit9 has received from investors who understand the changing nature of the security market. It places a bet on our vision and our technology. It’s an exciting time as we’re dramatically changing how organizations protect themselves from IP theft and advanced attacks by focusing on a trust-based approach. “That’s right.
Bit9 has grown by 100 percent year-over-year over the last two years. Currently, Bit9 protects more than 700 organizations across industry sectors such as education, finance, government, healthcare, retail and utilities from the most sophisticated threats to malware.
About Bits9
Bit9, the global leader in Advanced Threat Protection and Endpoint Security, protects the world’s intellectual property (IP) by providing innovative, trust-based security solutions to detect and prevent advanced malware and cyber threats. World-leading brands rely on Bit9’s award-winning Advanced Threat Protection Platform for Endpoint Protection and Windows Server Security.
Bit9 stops advanced persistent threats by combining real-time sensors, cloud-based software reputation services, on-going monitoring and trust-based application control and whitelisting – eliminating the risk of malicious, illegal and unauthorized software. Bit9 also provides domain controller solutions to protect against modern cyber threats.
The company’s global customers come from a wide range of industries, including e-commerce, financial services, government, healthcare, retail, technology and utilities. Bit9 was founded on a prestigious U.S. federal research grant from the National Institute of Standards and Technology-Advanced Technology Program (NIST ATP) to conduct research that is now at the heart of the company’s solutions.
Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/Bit9/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
