RedSeal Networks Secures $10M in Funding

Funding Rounds

Summary

RedSeal Networks, a Santa Clara, CA-based provider of proactive security intelligence solutions to Fortune 1000 customers, government organizations and large global multinationals, has secured $10m in funding. The company intends to use the funding to expand its presence in Europe, where it plans to increase the size and reach of its sales and channel programs, and India, where it opened an office in Bangalore to provide added support to high-profile customers in the region. Led by President and CEO Parveen Jain, RedSeal Networks enables customers’ IT security management and staff to understand the security state and regulatory compliance of their network and information systems, as well as to recognize the resulting risk to their operations and assets, and identify and drive actions to improve security and reduce risk. The company recently launched RedSeal 5, which added a broad set of capabilities around security performance metrics and predictive security infrastructure impact analysis.

$ Funding

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Amount $10.0M Total raised
Date November 16, 2011 Announcement date
Investors Sutter Hill Ventures, Icon Ventures, OVP Venture Partners, LeapFrog Ventures Lead investors
Company http://www.redseal.net Funded company

Classifications

industries
No industries detected
applications
Governance, risk and compliance

AskAI Classifications

Labels
Cybersecurity Software Products SaaS

Linked Companies

RedSeal
$10M to $25M