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07.30.12 - Waltham, Mass. - Bit9, the global leader in Advanced Threat Protection, today announced it recently closed $34.5 million in Series D funding, led by new investment partner Sequoia Capital. Existing investors Atlas Venture, Highland Capital Partners, Kleiner Perkins Caufield & Byers, and .406 Ventures also participated in the round. Bit9 will use this capital to fund new product development efforts and expand sales and marketing capabilities to address the market’s growing demand for trust-based endpoint and server security technology.
CLICK TO TWEET: #Cybersecurity Leader @Bit9 Announces $34.5 Million Funding Round Led by @Sequoia_Capital
Traditional security solutions are insufficient to protect organizations from next-generation targeted attacks, known as “advanced persistent threats” (APTs), according to recent research:
Bit9 is the only security company to announce that it successfully stopped the Flame malware and the RSA breach attack—both “zero-day” APT attacks—long before they were identified by traditional/legacy antivirus companies.
“Traditional malware protection systems are well past the peak of their effectiveness. …Malware threats continue to overwhelm traditional defensive techniques.” (Gartner, Endpoint Protection in the Age of Tablets and Cloud, Peter Firstbrook, February 1, 2012)
These attacks can cause dramatic and sometimes irreparable damage to organizations:
Bit9 is leading the global transition to the next generation of security technology—trust-based application control and whitelisting:
“The market has reached a clear inflection point where organizations of all sizes across all industries need a new approach to cyber security,” said Mickey Arabelovic, partner at Sequoia Capital. “Bit9 has emerged as a market leader with its trust-based security for endpoints and servers, and we’re excited to partner with them as they build an enduring business.”
Patrick Morley, president and CEO of Bit9, said: “This latest round of funding is the largest in the company’s history and underscores the support Bit9 has received from investors who understand the changing nature of the security market. It places a bet squarely on our vision and technology. It’s an exciting time as we are dramatically changing how organizations protect themselves from IP theft and advanced attacks by focusing on a trust-based approach.”
Bit9 has grown 100 percent year-over-year for the past two years. Currently, Bit9 protects more than 700 organizations across industry segments such as education, finance, government, healthcare, retail and utilities from the most sophisticated malware threats.
Bit9, the global leader in Advanced Threat Protection and Endpoint Security, protects the world’s intellectual property (IP) by providing innovative, trust-based security solutions to detect and prevent sophisticated malware and cyber threats. The world’s leading brands rely on Bit9’s award-winning Advanced Threat Protection Platform for endpoint protection and windows server security.
Bit9 stops advanced persistent threats by combining real-time sensors, cloud-based software reputation services, continuous monitoring and trust-based application control and whitelisting—eliminating the risk caused by malicious, illegal and unauthorized software. Bit9 also offers domain controller solutions to protect against modern cyber threats.
The company’s global customers come from a wide variety of industries, including e-commerce, financial services, government, healthcare, retail, technology and utilities. Bit9 was founded on a prestigious United States federal research grant from the National Institute of Standards and Technology – Advanced Technology Program (NIST ATP) to conduct the research that is now at the core of the company’s solutions.
Learn more about: Bit9