|[August 21, 2014]
Lastline Secures $10 Million Funding Round
REDWOOD CITY, Calif. --(Business Wire)--
an advanced malware defense platform provider, has raised $10 million
from new investors Dell
Ventures and Presidio
Ventures, as well as existing investors Redpoint
Ventures and e.ventures.
With the new round of funding, Lastline will continue to focus on
serving its rapidly growing, global enterprise customer base as well as
new and existing partnerships to improve information security and threat
This round of funding adds to the $13.7 million raised in earlier rounds
to bring total funding raised to nearly $24 million since the company's
founding in 2011.
"Today's strategic investment in Lastline expands our commitment to
bring innovation and breakthrough technology to our customers," said
Victor Chang, Director of Dell (News - Alert) Ventures. "Combining Dell IP with
Lastline technology positions us to deliver differentiating solutions to
help protect our customers from the ever-changing, advanced security
threats to their business."
Dell Ventures, the strategic investment arm of Dell, announced its $300
million Strategic Innovation Venture Fund last December. In addition
to providing capita, Dell Ventures can offer access to a breadth of
Dell resources, including technical and business expertise, brand, OEM
solutions, channels and go-to-market relationships.
"Advanced malware is impacting businesses in every region and industry,"
said Shaun Tanabe, Director of Presidio Ventures (News - Alert). "We are proud to join
the Lastline team in bringing their unmatched mix of academic rigor,
executive leadership and anti-malware innovation to market around the
Funding from Presidio Ventures, the wholly-owned, U.S.-based investment
vehicle of Sumitomo
Corporation, underscores Lastline's expanding reach into Japan as
well as into broader enterprise markets in the Asia-Pacific region
including banking, infrastructure, media and manufacturing.
"Lastline has the most compelling advanced malware defense platform on
the market. Its software- and cloud-centric approach provides
enterprises an average of ten times the value of first-generation APT (News - Alert)
appliance vendors," said John Walecka, partner of Redpoint Ventures.
"Lastline can detect evasive malware that is crafted to bypass detection
of open source and first-generation sandboxing technology."
In June 2013, Redpoint Ventures and e.ventures led the $10 million
Series B round, commercially catapulting the company with deep academic
roots into the multibillion-dollar global IT security marketplace.
In the past year, Lastline has deployed its next-generation
sandbox powered by full system emulation technology and cloud-based
threat analysis in enterprises
and with managed
security service providers (MSSPs) across North America, Europe and
Asia -- rooting out zero-day threats, advanced persistent threats
(APTs), advanced targeted attacks (ATAs) and advanced malware not caught
by traditional anti-virus or first-generation sandboxing technologies.
"Our software platform and cloud-centric approach to combating advanced
malware is seeing a strong response in the market from global
enterprises and our security partners who are dissatisfied with the
costly and incomplete offerings of first-generation APT vendors," said
Jens Andreassen, CEO of Lastline. "We are delighted to have new and
existing investors backing our vision to help us defend even the largest
organizations and the billions of people they serve worldwide from this
new wave of pernicious threats."
The Lastline advanced
malware defense platform provides Global 2000 enterprises universal
protection against threats entering networks via Web, file and email.
Lastline inspects network traffic, attachments and URLs for advanced
malware in an elastic, cloud-centric, sandbox analysis environment,
without relying on traditional signature-based approaches.
About Lastline, Inc.
Inc. provides the best-in-class malware defense platform to detect and
stop advanced persistent threats, zero-day exploits and evasive malware.
Lastline's next-generation sandboxing technology inspects common network
protocols and files to identify and stop advanced threats that bypass
traditional signature-based systems, while remaining invisible to the
malware itself using full-system emulation. The Lastline software
platform makes it highly efficient and cost-effective to protect large,
distributed organizations on existing hardware and in the cloud.
Headquartered in Redwood City, Calif. with offices throughout North
America, Europe and Asia, Lastline was founded in 2011 by world-renowned
security researchers and the creators of Anubis and Wepawet - malware
analysis tools used by thousands of security providers, Global 2000
companies and government agencies worldwide. To learn more, visit www.lastline.com.
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