FireEye, a US-based provider of cyber attack protection, has raised $50m from a consortium including a host of strategic investors. These corporate venturing units included technology equipment maker Juniper Networks’s Junos Fund, investment bank Goldman Sachs, Norwest Venture Partners, which invests on behalf of Wells Fargo bank, and Silicon Valley Bank, as well as venture capital firm Sequoia Capital. The company previously raised $51m from Juniper, Norwest and Sequoia and VC firms DAG Ventures, Jafco Ventures and the US government’s quasi-corporate venturing unit, In-Q-Tel, which joined in November 2009. In addition, FireEye has hired six executives, including Ken Gonzalez, as vice-president of corporate development; Manish Gupta, as senior vice-president of products; Tony Kolish, as senior vice-president of customer services; Sridhar Jayanthi, as head of India operations; Barbara Massa as vice-president of human resources; and Dawn Song, as engineering fellow. Gonzalez was formerly chief strategy officer at Avast Software; Gupta, formerly vice-president of product management and marketing in Cisco’s Security Technology Business Unit; Kolish, formerly senior vice-president of customer service at EMC; Jayanthi was formerly the head of McAfee’s largest research and development team as the managing director for McAfee India operations; Massa brings over 22 years of human resources expertise gained from roles at McAfee, EMC, Documentum, and Cadence Design Systems; and Song is a professor on leave from UC Berkeley and founder of Ensighta Security. Dave DeWalt, FireEye executive chairman who joined in November, said: “We have the right team in place as FireEye continues to expand its product portfolio, unearth groundbreaking research from the lab and continue its international expansion.” FireEye posted more than $100m in bookings and over 100% bookings growth last year and news provider Pandodaily said it had filed papers to float on a US stock exchange this year.
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FireEye doubles backing to $100m
Jan 11, 2013 • Global Corporate Venturing
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