Data security and cyber threat protection firm EdgeWave announced on Tuesday that it has closed a $6 million Series A funding round from TVC Capital.
The financing will be used to support accelerating demand for EdgeWave’s enterprise security solutions, the company said.
Led by retired U.S. Navy Capt. Mike Walls who recently commanded the Navy’s global cybersecurity operations, EdgeWave’s security platform helps protect against the latest threats and helps ensure security policy compliance.
“EdgeWave’s cloud-enabled security solutions are growing at over 100% annually because they provide leading-edge advanced threat protection across all web and email traffic in flexible, maintenance free bundles that produce unmatched ROI for customers,” said Jeb Spencer, Managing Partner of TVC Capital. “We look forward to working closely with the EdgeWave team in delivering exciting new products and cloud security solutions that are primed to capture ever-growing demand in the data security space.”
In addition to announcing the equity funding, EdgeWave announced that it has secured a $5 million credit facility with Square 1 Bank, providing additional working capital to fund the company’s growth.