Imperva Raises $17M in Series C Financing
Greylock Partners, Accel Partners, US Venture Partners, and Venrock Associates Invest in Data Security Appliance Vendor
FOSTER CITY, Calif., May 17, 2006 – Imperva™, the leader in data security for the data center, today announced that it has raised $17 million in a Series C round of venture capital financing. The funds will be used to expand direct and channel sales infrastructure on a global basis to capitalize on the rapidly expanding market opportunity for its data security, data assurance, and regulatory compliance products.
The round was led by Greylock Partners, and supported by previous investors Accel Partners, US Venture Partners, and Venrock Associates. The company has raised a total of $33.7 million in three rounds of financing for the SecureSphere product line, which addresses the issues of insider abuse and criminal activity targeting corporate databases and sensitive e-commerce applications. Imperva founder and CEO Shlomo Kramer was a founder of firewall giant Check Point Software Technologies.
“Demand for data security, data assurance, and regulatory compliance products is growing faster than anyone anticipated as organizations worldwide come to terms with the financial, legal, and business responsibilities for sensitive customer information and financial data,” said Shlomo Kramer, founder and CEO of Imperva. “This new round of funding provides us with the financial resources we need to capture a lion’s share of the market for data security products both domestically and internationally.”
“Data security has rapidly become a top customer priority,” said Asheem Chandna, partner at Greylock Partners. “We are excited to be working with Shlomo Kramer and the Imperva team to help build and grow Imperva as the worldwide leader in the new data security category.”
About Greylock Partners
Founded in 1965, Greylock Partners is one of the world’s leading venture capital firms. Over the past 41 years, Greylock Partners has funded and helped build several hundred successful companies. The Greylock Partners approach uniquely puts the entrepreneur first, with Greylock Partners working as an ‘invited guest’ in a highly supportive yet consultative way to help entrepreneurs build market-leading companies. Companies Greylock Partners has funded include Ascend Communications, CheckFree, Continental Cable, Decru, DoubleClick, Internet Security Systems, Ikanos, Legato, Millennium Pharmaceuticals, Openwave, Red Hat, RightNow Technologies, Tellabs, Trilogy and Wily Technology. Greylock Partners’s offices are located in the Boston area and in Silicon Valley. For more information, please visit www.greylock.com.
The SecureSphere product line provides data security, data assurance, and regulatory compliance for sensitive and proprietary data in corporate data centers. SecureSphere protects databases and web applications against insider threats, as well as external attack and worm infection. It requires no manual tuning and no changes to existing infrastructure. Imperva SecureSphere gateway appliances are deployed in leading financial, healthcare, and retail organizations around the globe.
Imperva is the leader in application data security and compliance. Leading enterprise and government organizations worldwide rely on Imperva to prevent data theft and abuse, and ensure data integrity. The company’s SecureSphere products provide data governance and protection solutions that monitor, audit and secure business applications and databases. For more information, visit www.imperva.com
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Imperva and SecureSphere are trademarks of Imperva, Inc. All other brand or product names are trademarks or registered trademarks of their respective holders.