Mountain View, California based vArmour, a stealth security startup company has raised an additional $36 million in funding since December 2013, bringing total company funding to $42 million. Menlo Ventures brought in $15 million Series B funding while another $21 million series C funds were raised jointly by Nova Technology Partners, Columbus , Citi Ventures and Work-Bench Ventures.
The company that provides protection for new data defined perimeter for enterprises, said that it will use the capital to scale development and sales teams to help the enterprise protect their new data defined perimeter in today’s reality of pervasive virtualization, constant threats and advanced security breaches.
As part of the investments, Pravin Vazirani, general partner at Menlo Ventures and Mohsen Moazami, Columbus Nova Technology Partners will both join the vArmour Board of Directors. According to the same news, Lane Bess and Dave Stevens, both previous CEOs of Palo Alto Networks, recently were also announced as investors and vArmour board members.
"Our investors saw first-hand vArmour’s large scale deployments of advanced data-center security technology on a global basis and they realized that we have created something extremely valuable that solves a strategic issue for the enterprise. Today, our board represents some of the best minds in security with Lane and Dave from Palo Alto Networks, now joined by Mohsen from CNTP and Pravin from Menlo. With our all-star team throughout the US, EMEA and APAC, we’re in the best position to bring this technology to market and forever change the rules for security in the data center.”
- Tim Eades, vArmour CEO
"Advanced targeted attacks are easily bypassing traditional firewalls and signature-based prevention mechanisms. All organizations should now assume that they are in a state of continuous compromise. However, organizations have deluded themselves into believing that 100% prevention is possible, and they have become overly reliant on blocking-based and signature-based mechanisms for protection. As a result, most enterprises have limited capabilities to detect and respond to breaches when they inevitably occur, resulting in longer "dwell times" and increased damage. In reality, going forward, improved prevention, detection, response and prediction capabilities are all needed to deal with all types of attacks, ‘advanced’ or not. Furthermore, these should not be viewed as siloed capabilities; rather, they should work intelligently together as an integrated, adaptive system to constitute a complete protection process for advanced threats."
- Neil MacDonald and Peter Firstbrook of Gartner
