It’s rare to hear about a startup that has been able to secure its Series A, B and C rounds while operating in stealth mode, but one Silicon Valley security startup has managed to raise a total of $42 million since it was founded in 2011, all without coming public and saying what they actually do.
Mountain View, Calif.-based vArmour disclosed today that it has been successful in raising a vast amount of cash while operating in stealth mode, including a previously undisclosed $15 Million Series B round closed in December 2013 led by Menlo Ventures, and a $21 Million Series C round closed this month led by Columbus Nova Technology Partners (CNTP), Citi Ventures and Work-Bench Ventures.
The company previously announced a $6 Million Series A round led by Highland Capital in January 2013. All totaled, the amount raised by the company adds up to a healthy $42 million, which the company is using to scale its development and sales teams.
vArmour explains that it has spent the past three years working on developing a solution for securing the “data-defined perimeter of enterprises” through its technology that is designed to provide stronger visibility and control of data that’s distributed globally.
In June, the company announced that it had named Tim Eades as Chief Executive Officer. Shortly after, the company announced that the first two CEO’s of Palo Alto Networks, Lane Bess and Dave Stevens, had joined as both investors and board members.
“vArmour has the escape velocity to completely disrupt the security industry,” said Mohsen Moazami, Founder and Managing Director, CNTP. “We went all in on vArmour as I’m confident that vArmour’s continued growth will deliver a solution for the enterprise that can visualize, manage and ultimately protect the data center in a way we’ve never seen before.”
vArmour, which says it is aggressively hiring at all levels, explained that its platform is giving enterprises instant visibility and control of their East/West Traffic flows for both old and new datacenters architectures.
As part of the investments, Pravin Vazirani, general partner at Menlo Ventures and Mohsen Moazami, Columbus Nova Technology Partners will both join the vArmour Board of Directors.
“Our investors saw first-hand vArmour’s large scale deployments of advanced data-center security technology on a global basis and they realized that we have created something extremely valuable that solves a strategic issue for the enterprise,” Eades said.
Research by SecurityWeek shows that the company has filed for at least two patents, one for “Virtual security boundary for physical or virtual network devices” that the company filed on Aug. 19, 2014. Another patent was filed by the company in Dec. 2013, which was described as a“distributed firewall architecture using virtual machines.”
