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Elemental Scores Security Funding

Just weeks after emerging from stealth and launching its first product, Elemental Security Inc. has clinched $11 million in a C round of funding to help advance its security management strategy.

The cash influx brings Elementals total funding to $21 million. It was led by Lehman Brothers Venture Capital Group. Previous investors Bessemer Venture Partners, Mayfield, and Sequoia Capital also took part.

Elemental, based in San Mateo, Calif., was set up in December 2002 by Dan Farmer, a former security architect at Sun Microsystems Inc. (Nasdaq: SUNW) and Silicon Graphics Inc. (SGI) (NYSE: SGI), and Dayne Myers, a one-time consultant at McKinsey & Co. Farmer is now Elemental’s CTO and Myers is on the company’s board.

The startup’s story is about managing security across data center servers, desktops, and laptops. With the number of devices within a typical IT infrastructure growing, coordinating security is a major headache for IT managers, particularly in the era of Sarbanes-Oxley and the Health Insurance Portability and Accountability Act (HIPAA) (see Financial Security: Priceless).

Elemental proposes to help by extending security policies across the IT infrastructure, using specialized software. Dubbed the Compliance System, it includes agents for servers and security devices running under Windows, Linux, and Solaris operating systems. These agents are set up to roll out policies and check for unauthorized machines on the network. The software can limit access to specific application and file servers, or deny access to the entire network (see Elemental Intros Compliance System).

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