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Significant Up-round Supported by Accel
Partners, INVESCO, Sequoia Capital and New Investor DAG Ventures.
ConSentry Networks, a leading provider of secure LAN solutions,
recently announced that it has raised $20 million in its
oversubscribed Series D round of Venture Capital funding. Existing
investors Accel Partners, INVESCO Private Capital, and Sequoia
Capital participated in the new round, joined by new investor Duff
Ackerman & Goodrich (DAG) Ventures. ConSentry’s total funding now
stands at $51 million.
ConSentry will use the funds to build a stronger worldwide presence
as demand for LAN control and security solutions gain momentum in
Asia and Europe, rapidly approaching the uptake in the U.S. market.
“A lot of funding deals are done in Silicon Valley, but I only see
one or two really good investment opportunities a year, and
ConSentry is one of them,” said John J. Caddedu, managing director
of DAG Ventures. “ConSentry is an opportunity we had to be a part
of; the LAN security market represents a disruptive technology shift
and a multi-billion dollar opportunity, and ConSentry has the
innovative technology, market traction, and team to take advantage
of it.”
ConSentry’s LANShield family of products, which enables customers to
embed security directly into their LAN infrastructure, provides the
full set of security features needed to protect enterprise assets.
The LANShield family provides network admission control to restrict
who can come onto the LAN, full Layer 7 visibility into all user
activities, control over user access to authorized resources through
role-based provisioning, and threat control to prevent zero-hour
attacks from compromising network availability.
“ConSentry is leading the integration of security and switching in a
market that hasn’t undergone this scope of change in more than 10
years,” said Tom Barsi, ConSentry Networks’ president and CEO. “The
additional funding will help us capitalize on the LAN security wave
and the growing worldwide demand by enterprises for more security
and control embedded in their networks.”
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