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Cybersecurity Funding

Network Security Company Netography Raises $45 Million

Network detection and response (NDR) solutions provider Netography has raised $45 million in Series A funding, which brings the total raised by the company to $47.6 million.

The new investment round was led by Bessemer Venture Partners and SYN Ventures. Existing investors Andreessen Horowitz, Harpoon Ventures, Mango Capital, and Wing Venture Capital also contributed.

Network detection and response (NDR) solutions provider Netography has raised $45 million in Series A funding, which brings the total raised by the company to $47.6 million.

The new investment round was led by Bessemer Venture Partners and SYN Ventures. Existing investors Andreessen Horowitz, Harpoon Ventures, Mango Capital, and Wing Venture Capital also contributed.

The network security firm says it will use the capital for the development of new technology and for channel expansion. The company says it also plans to invest in sales.

Founded in 2018, Netography provides customers with a cloud-native SaaS NDR platform that aims to secure what the company calls the atomized network: “the complex, multi-cloud, plus on-premises, plus legacy infrastructure that comprise most enterprise networks today.”

For that, the Maryland, United States-based startup ingests metadata from all systems, to deliver visibility into assets and detection of attacks.

“The appliance model and deep packet inspection will provide less and less utility as we move forward, and it’s time for a new architecture that addresses the needs of modern network environments. By upending this model and approaching security with the mindset of securing atomized networks, Netography provides security teams the protection they actually need for the way their networks look today and going forward as they mbrace a distributed, Web 3.0 world,” Martin Roesch, Netography CEO, said.

Related: Contrast Security Raises $150 Million at ‘Unicorn’ Valuation

Related: Socure Raises $450 Million at $4.5 Billion Valuation

Related: Compliance-as-a-Service Platform Laika Raises $35 Million

Related: Encryption-as-a-Service Provider Vaultree Emerges From Stealth

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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