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Secret Security Startups Score Cash
ConSentry clinched $17 million in a Series C funding round and lured a bunch of new executives from Juniper Networks Inc. (Nasdaq: JNPR), Cisco Systems Inc. (Nasdaq: CSCO), and Extreme Networks Inc. (Nasdaq: EXTR).
Fellow Californian startup Nevis completed a $12.5 million follow-on to its Series B round, which included input from New Enterprise Associates (NEA), Blue Run Ventures, and New Path Ventures, and announced a new CEO (see Nevis Names CEO, Gets $12.5M).
At this stage, both firms are playing their technology cards close to the vest, though Faizel Lakhani, ConSentrys vice president of marketing, told NDCF that the Milpitas, Calif.-based firm will launch its first product in the third or fourth quarter of this year. Its basically an in-line device that controls what users can do on the network, such as what applications they run and what resources they are allowed to access.
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