US-based network security analytics provider Solera Networks secured $20m on Monday in a series D round led by Intel Capital, the corporate venturing unit for semiconductor manufacturer Intel. Venture capital (VC) firms Allegis Capital, Trident Capital and Signal Peak Ventures also participated in the round, which will be used to expand global sales and marketing, and to develop new products. Solera provides a computer network security service that uses analytics to help network administrators respond to threats quickly and proactively. Solera has now raised a total of $50.9m over four rounds since it was founded in 2005. Canopy Ventures, the VC division of investment firm the Canopy Group, had been a backer since 2006 before its assets were acquired by Signal Peak last August. Sean Cunningham, investment director at Intel Capital, said: "With increasingly large amounts of data crossing corporate networks, organisations must balance advanced threat prevention with an aggressive and proactive response system to be fully prepared when an inevitable breach occurs. "We see companies continuing to realize that real-time, intelligent incident response is now an essential component of their security strategy. Solera Networks delivers a scalable, high-performance solution that addresses these challenges and is the only independent platform capable of broad integration. We are very optimistic about where Solera is headed." The investment comes in the wake of a year which saw Solera’s domestic and international growth more than double, and it is aiming to use Intel’s experience in processor, networking and storage technology to bump up the capabilities of its future products.
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Solera networks with Intel Capital
Feb 1, 2012 • Robert Lavine
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