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Lastline Arranges $10 Million Funding Round [Manufacturing Close - Up](Manufacturing Close - Up Via Acquire Media NewsEdge) Lastline has raised $10 million from new investors Dell Ventures and Presidio Ventures, as well as existing investors Redpoint Ventures and e.ventures. According to a company release, with the new round of funding, Lastline will continue to focus on serving its, global enterprise customer base as well as new and existing partnerships to improve information security and threat intelligence worldwide. This round of funding adds to the $13.7 million raised in earlier rounds to bring total funding raised to nearly $24 million since the company's founding in 2011. "Advanced malware is impacting businesses in every region and industry," said Shaun Tanabe, Director of Presidio Ventures. "We are proud to join the Lastline team in bringing their unmatched mix of academic rigor, executive leadership and anti-malware innovation to market around the world." "Lastline has the most compelling advanced malware defense platform on the market. Its software- and cloud-centric approach provides enterprises an average of ten times the value of first- generation APT appliance vendors," said John Walecka, partner of Redpoint Ventures. "Lastline can detect evasive malware that is crafted to bypass detection of open source and first-generation sandboxing technology." "Our software platform and cloud-centric approach to combating advanced malware is seeing a strong response in the market from global enterprises and our security partners who are dissatisfied with the costly and incomplete offerings of first-generation APT vendors," said Jens Andreassen, CEO of Lastline. "We are delighted to have new and existing investors backing our vision to help us defend even the largest organizations and the billions of people they serve worldwide from this new wave of pernicious threats." Lastline provides a malware defense platform. More information and complete details: www.lastline.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |