The new round of funding takes the company's total raised capital to USD 80 million. The finance will be used to propel expansion in areas including R&D, sales, and marketing to meet the growing demand for the company's advanced network traffic analysis platform
Fremont, CA: Advanced network traffic analysis company Awake Security raised USD 36 million in a Series C financing round led by Evolution Equity Partners, with participation from Energize Ventures and Liberty Global Ventures, as well as existing investors Bain Capital Ventures and Greylock Partners. As part of the deal, Karthik Subramanian, partner and Evolution Equity, joined Asheem Chandna, Enrique Salem, and Kevin Mandia on the company's board of directors. Awake Security is the only advanced network traffic analysis company that delivers answers and not alerts.
"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," said Rahul Kashyap, CEO of Awake Security. "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."
The new round of funding takes the company's total raised capital to USD 80 million. The finance will be used to propel expansion in areas including R&D, sales, and marketing to meet the growing demand for the company's advanced network traffic analysis platform. Companies today are facing sophisticated cyber-attacks from internal and external factors that ..
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