Awake Security secured $36 million in Series C Funding Round

Awake Security secured $36 million in Series C Funding Round

Awake Security, Santa Clara based advanced network traffic Analysis Company, has recently secured $36 million in Series C funding round.

The round was led by the Evolution Equity Partners with the participation from the Liberty Global Ventures and Energize Ventures as well as existing investors Greylock Partners and Bain Capital Ventures.

Founded in 2014, Santa Clara based Awake Security offers a privacy-aware solution capable of visualizing behavioural, compliance incidents and mal-intent with the full forensics context. With this latest investment, the company has secured around $80 million, notes the announcement.

Executive Opinion

Rahul Kashyap, CEO of Awake Security, said, "Awake has assembled the best minds in networking, machine learning, data science, cybersecurity, and other disciplines to create something entirely new that fills a massive void in the security market. By partnering with Evolution Equity with its deep U.S. and European network and cybersecurity expertise, and strategic investors Energize Ventures and Liberty Global, we’re building on that momentum to bring the Awake platform to even more organizations around the globe."

Shane Hibbard, Director of Information Security at Invenergy, said, "With more assets and applications in a hybrid cloud environment, detecting malicious or threatening activity is becoming more complicated. Network traffic analysis can augment our cybersecurity resources and enable companies to respond appropriately."

Awake Security's Latest Funding

The company, as of now, has plans to use the funding to accelerate expansion in areas which include the sales, marketing, and R&D. The funding will help the company to further accelerate the adoption of its Advanced Network Traffic Analysis Platform.

Post funding, Karthik Subramanian, partner at Evolution Equity, will also join Asheem Chandna, Kevin Mandia, and Enrique Salem as the Board of Directors at Awake Security.

PC: TechSutram

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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