Sipera Secures $10M in Series C Funding

Sipera secures $10M to further advance VOIP/UC security

October 2, 2007

1 Min Read
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RICHARDSON, Texas -- Sipera Systems, the leader in comprehensive VoIP/UC security solutions, today announced it has secured Series C funding of $10 million. The round was led by Duchossois Technology Partners (DTEC), and includes a full participation by existing investors Austin Ventures, Sequoia Capital, and STAR Ventures. The funding brings Sipera’s total amount raised to $29.5 million, and will help the company expand sales and support into other geographies; deliver more advanced real-time VoIP/UC security capabilities for the Sipera IPCS product line; and increase the VoIP vulnerability consulting services from Sipera VIPER Lab.

“Since we first introduced the Sipera IPCS 310 in 2006, we’ve expanded the IPCS product line to enable a broader range of large enterprises and service providers to better secure VoIP and unified communications. The addition of Sipera VIPER Services complements our market leading product offering by helping our customers assess and manage the risk associated with their VoIP/UC networks. Our VIPER consultants leverage the industry’s most extensive database of VoIP/UC vulnerabilities, discovered by the Sipera VIPER Lab research team,” said Seshu Madhavapeddy, Sipera president and CEO. “This funding will allow us to establish new global partnerships, further enhance our comprehensive security offering, and create a robust real-time communications risk management practice by expanding our VIPER Lab research and consulting services.”

“We are excited to lead the Series C round and invest in Sipera,” said Tony Seth, DTEC general partner. “With its blue chip customer base in the financial, health care and wireless service provider markets, partnerships with leading VoIP/UC vendors, and patented, best of breed technology, Sipera is the gold standard in a market poised for takeoff.” Seth has joined the Board of Directors of Sipera Systems.

Sipera Systems

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