ThreatStop announces $4.75 million in series B funding
The company states this funding is intended to facilitate market-adoption activity and to accelerate sales through the development of product capabilities and a network of global partners. The company specializes in the development of network security with cloud-based threat protection that is able to protect devices accessing an network.
Investors in this round of series B funding include Stanford computer sciences professor David Cheriton and Network Value Components founder, Chairman and President Susumu Watanabem. Investors who have joined in the past include Paul Mockapetris, inventor of the Internet Domain Name Service (DNS), and DShield founder Johannes Ullrich.
"With the increase in both the scope and number of cybersecurity attacks in recent years, many security defenses are simply failing to protect their environments," Mockapetris said. "New security vendors are entering the market, causing confusion as to what works, and more important, what to buy. ThreatSTOP is an essential part of protecting the enterprise against data theft."
The security service offered by the company uses DNS capabilities to prevent malware from entering a network. They report that approximately 500 companies use ThreatSTOP services.
"Our focus is on enabling our customers to solve the most critical problem facing companies today, safeguarding valuable data," ThreatSTOP CEO Tom Byrnes said. "We cracked the code on delivering accurate and real-time threat intelligence to safeguard corporate networks through a cloud service."