Virsec has announced a $100 million Series C investment from industry players and company builders.
The conclusion of the round brings total funding in the company to $137 million.
Virsec said it has brought together a pool of expertise and resources to significantly expand its team, and “power an acceleration of its groundbreaking innovations.”
Dave Furneaux, chief executive officer, Virsec, said, “The world runs on software, and with the onslaught of damaging attacks to it, the world is also in a cyber crisis. That is why Virsec developed an unprecedented, radical, and multi-patented approach to fully protect software while it is executing, regardless of its environment.”
Virsec Security Platform (VSP) thwarts advanced attacks at the first point of insurgence, so an adversary does not have the dwell time in software to orchestrate and execute their malicious plans.
He added, “We are able to provide our customers a ‘golden image’ of their software, bugs and all, and therefore we instantaneously detect and stop attacks before they happen. This is the type of game-changing technology that the market immediately needs.
“We are extraordinarily grateful for the community of investors, advisors, and security practitioners that have assembled around the company to help us achieve our mission.”
Virsec’s Series C investors range from the former chairman and CEO of Cisco, John Chambers, to the former chairman and CEO of EMC, Mike Ruettgers, to a number of former high-ranking government and intelligence officials. Led by BlueIO, the round also includes Allen & Company LLC, Arena Holdings, Intuitive Venture Partners, JC2 Ventures, Artiman Ventures, Quantum Valley Investments, and Marker Hill Capital.
