DB Networks, a company focused on database security solutions, today announced that it has raised $17 million in new funding led by Grotech Ventures.
Through its various products and technologies, DB Networks helps customers gain new insights and situational awareness of their database security and core network attack surface, allowing them to take proactive actions and reduce the risk of a data breach.
The company also provides “intelligent continuous monitoring” technology to help customers quickly detect attacks against databases.
According to Chairman and CEO Brett Helm, the additional funding will allow the company to drive innovation and expansion of the company’s product portfolio, and scale the business.
The funding round also included investment from investors Khosla Ventures and Citi Ventures.
“At Citi Ventures we are committed to finding new technologies and solutions that improve the overall security and well-being of financial and enterprise networks,” said Ramneek Gupta, Managing Director for Investing at Citi Ventures. “DB Networks has built a powerful behavioral intrusion detection capability, and we are excited about partnering with the team to further its application and potential.”
DB Networks also announced that Joe Zell, general partner at Grotech Ventures, has joined its Board of Directors.
Last week, the company added new continuous monitoring features to its DBN-6300 appliance, which uses machine learning and behavioral analysis technologies to help organizations improve their data center security posture. The DBN-6300 satisfies continuous monitoring and breach detection compliance requirements specified in NIST 800-53, PCI DSS, COBIT DS5.5, HIPAA and GLBA, the company said.
In October 2013, DB Networks introduced a security appliance that provides an Intrusion Detection System (IDS) specifically designed to detect and block SQL injection attacks.
“DB Networks enables organizations to effectively cope with the advanced threats against their critical information assets in the core network, which is really a first of its kind solution for core database protection,” Zell said in a statement. “The company has impressive momentum and we believe that every large company that is facing these advanced database threats will need the unique solution that DB Networks has developed.”
Customers of DB Networks include the world’s largest financial institutions, healthcare providers, manufacturers, government agencies, and the military.
