Attivo Networks Raises $8M in a Series A Round
Attivo Networks Raises $8M in a Series A Round Led by Bain Capital Ventures
FREMONT, Calif., April 16, 2015 /PRNewswire/ — Attivo Networks®, an innovator in advanced threat detection technology, today announced that it has closed an $8M Series A round led by Bain Capital Ventures. BOTs, known for automated attacks, and Advanced Persistent Threats (APTs), are infecting clients and servers to steal valuable information in spite of traditional preventative defenses. Attivo provides a new, advanced solution that dramatically improves the time required to detect BOTs and APTs as they move laterally inside an organization’s network and data center. Attivo will use this next round of funding to increase its investment in product development and support. The next phase of the company’s growth will build upon its current traction with marquee customers in the healthcare, banking, and technology sectors.
The Attivo leadership team includes Tushar Kothari, CEO, along with serial entrepreneur Mano Murthy, Executive VP, and Srikant Vissamsetti SVP of Engineering.
Additionally, Attivo announced that Enrique Salem, former President and CEO of Symantec Corporation, has been appointed to Attivo’s board of directors. Salem will bring a wealth of relevant knowledge and experience to guide Attivo through its next growth phase.
“Attivo’s solution traps BOTs and APTs that bypass an enterprise’s traditional perimeter defenses,” said Enrique Salem, Managing Director of Bain Capital Ventures. “Attivo’s technology represents the most elegant solution to a top-of-mind problem for enterprises.”
Salem brings over 25 years of experience working with high-technology corporations in senior leadership roles including 19 years at Symantec. In addition to serving as president and CEO during his tenure at Symantec, Salem also served as COO, Group President of worldwide sales and marketing, and President of consumer products among other senior leadership roles with the company. Salem served as president and CEO of Brightmail prior to its successful acquisition by Symantec. In March 2011, Salem was appointed to President Barack Obama’s Management Advisory Board.
“We are excited to have Enrique join Attivo’s board of directors. His IT security market expertise and background in managing high growth companies will be invaluable, and we look forward to his insights and advice,” said Tushar Kothari, CEO of Attivo Networks. “Bain Capital Ventures’ investment is a great validation of our technology and will allow us to continue product development and scale our organization.”
About Attivo Networks
Attivo Networks provides a BOTs and advanced persistent threats (APTs) detection solution for corporate and data center networks. The solution is uniquely capable of quickly and effectively uncovering BOTs and APTs, leveraging honeynet technology in conjunction with its patented techniques to lure the BOTs/APTs. For more information, please visit www.attivonetworks.com.
About Bain Capital Ventures
Bain Capital Ventures (BCV) invests from seed-stage through growth equity in companies focused on enterprise technology, with a deep focus on infrastructure software and security analytics. With offices in the Bay Area, Boston, and New York City, BCV is the venture capital affiliate of Bain Capital, a global alternative assets platform with approximately $80 billion in assets under management. For more information, please visit www.baincapitalventures.com or follow us at @BainCapVC.