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Cybersecurity Funding

Bastille Networks Raises $44 Million to Secure Wireless Devices

Goldman Sachs leads wireless threat intelligence firm Bastille Networks’ $44 million Series C funding round.

Wireless threat intelligence firm Bastille Networks has raised $44 million in a Series C funding round that brings the total raised by the company to over $80 million.

The investment round was led by Goldman Sachs, with additional funding from existing investor Bessemer Venture Partners.

Founded in 2014, the San Francisco-based Bastille Networks helps organizations identify all wireless devices in their environments and secure them.

The company’s solution relies on software-defined radios (SDRs) and machine learning (ML) to monitor the wireless connections within facilities, including cellular, Bluetooth, and Wi-Fi, and identify all risky devices, even those that are not connected to the enterprise network.

According to Bastille, covert, rogue, and vulnerable devices that are brought into a facility by employees, contractors, or visitors, can be used to exfiltrate data, via Bluetooth or cellular networks, even if they have not been connected to the organization’s network.

Bastille says it can reduce the risk associated with these devices by identifying them and providing their accurate location within the facility.

Additionally, Bastille can provide alerts if it detects compromised devices, abnormal device behavior, unauthorized Bluetooth connections, active devices that are not under mobile device management (MDM), or devices active in areas where they are not allowed to be.

The company also notes that its technology can integrate with existing security systems and procedures.

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Bastille will use the fresh investment to support its growth and expand to new markets.

“Bastille has transformed the wireless threat detection space by building an advanced, multi-tiered platform providing real-time, continuous wireless threat intelligence. Bastille is primed to meet the needs of customers across the enterprise and federal sectors,” Goldman Sachs VP Zartasha Chaudhry said.

Related: Software Supply Chain Security Startup Kusari Raises $8 Million

Related: Vigilant Ops Raises $2 Million for SBOM Management Platform

Related: Turngate Raises $5 Million to Shed Light on User Activity

Related: Zero Networks Raises $20 Million to Secure Access to Enterprise Assets

Written By

Ionut Arghire is an international correspondent for SecurityWeek.


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