ProtectWise, provider of the enterprise security platform that delivers pervasive visibility, automated threat detection and unlimited forensic exploration on demand, today announced it has closed a $25 million Series B round of funding. As a part of this round, the company also announced the appointment of ClearSky managing director Jay Leek to its Board of Directors. The round included Arsenal Venture Partners, Top Tier Capital Partners, Tola Capital and other strategic investors.
“ProtectWise embraces the cloud form factor to deliver greater visibility into threats through an immersive visual presentation that’s second to none,” said Scott Chasin, CEO and co-founder of ProtectWise. “This new funding is testament to the tremendous market potential for a utility model in enterprise security. We are also proud to add to our Board of Directors Jay Leek whose exceptional leadership and guidance in the security community will be a huge benefit as we grow our business.”
With its unique form factor, user interface and functionality, the ProtectWise Grid enables a single security strategy for managing and securing enterprise, cloud, hybrid, and industrial control system (ICS) environments. ProtectWise will use the funds to broaden its footprint in traditional enterprise network security and further extend its flagship platform into cloud and ICS environments.
“ProtectWise is redefining how enterprises acquire, manage and operate security with its cloud-based platform that delivers unlimited visibility into complex threats,” said Jay Leek, managing director at ClearSky and former CISO of Blackstone. “We believe ProtectWise is positioned well for rapid growth in the security industry and that the company can materially improve the security posture of any organization.”
Leek brings to the company’s Board of Directors 20 years of leadership in building information risk and security programs. Existing Board members include Eric Chin, Partner at Crosslink Capital; Larry Orr, General Partner at Trinity Ventures; Matt Bigge, Venture Partner at Paladin Capital Group; and Sheila Gulati, Managing Director at Tola Capital.
“It has never been more vital, or more difficult, for enterprises to have a unified view of the data coming across their network,” said Sheila Gulati, Managing Director at Tola Capital. “Through its unrelenting focus on the security presentation layer, ProtectWise has cracked the code to delivering highly intuitive data interaction and retrospective analysis capabilities that help analysts create a clear, actionable view of network data.”
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ProtectWise™ is a portfolio company of Paladin Capital Group. ProtectWise™ is disrupting the security industry with the ProtectWise Grid, its network security platform that captures high fidelity network traffic, creates a lasting memory for the network, and delivers real time and retrospective alerting and analysis in a rich, innovative visualizer. By harnessing the power of the cloud, the ProtectWise Grid provides an integrated solution with complete detection and visibility of enterprise threats and accelerated incident response. The ProtectWise Grid delivers unique advantages over current network security solutions, including an unlimited retention window with full-fidelity forensic capacity, the industry’s only automated smart retrospection, advanced security visualization, and the ease and cost-savings of an on-demand deployment model.
Founded in April 2013, the company is based in Denver and led by a team of security and SaaS industry veterans from McAfee, Palo Alto Networks, and Symantec. ProtectWise has raised more than $67 million in funding and was named to Network World’s list of “10 Security Start-Ups to Watch.” For more information, visit https://www.protectwise.com/.
About Paladin Capital Group
Paladin Capital Group was founded in 2001 and has offices in Washington DC, New York, London, and Silicon Valley. As multi-stage investors, Paladin’s team focuses on best-of-breed companies with technologies, products, and services that meet the challenging global cyber security and digital infrastructure resilience needs for commercial and government customers. Paladin has over $1 billion in committed capital across multiple funds.
For more information on Paladin, follow the firm on Twitter @Paladincap and visit our website at http://www.paladincapgroup.com/.