Imperva Closes $20M Series D Financing Round
Meritech Capital Partners Leads Late Stage Investment in Application Data Security Leader
Foster City, CA, Apr 7, 2008 –Imperva®, the leader in application data security, today announced that it has raised $20 million in a Series D round of venture capital financing. The funds will be used as expansion stage capital to take advantage of rapid growth in demand for application data security products in both domestic and international markets.
The round was led by late stage venture capital firm Meritech Capital Partners, and supported by previous investors Accel Partners, Greylock Partners, US Venture Partners, and Venrock Associates. The company has raised a total of $54 million in four rounds of financing.
“The steady stream of sensitive data breaches and increased regulatory and industry scrutiny has forced organizations to address the need for visibility and control of critical applications and data. This has fueled demand for our application data security products around the world,” said Shlomo Kramer, president and CEO of Imperva. “This late round of funding provides us with the capital to grow our domestic and international operations in order to extend our market share leadership and support our rapidly expanding customer base.”
“One of the key drivers of our investment strategy is to identify what we consider to be ‘category defining’ companies,” said Rob Ward, managing director at Meritech Capital Partners. “Given the importance of the application data security problem, the size of the addressable market, Imperva’s technology leadership and the seasoned international management team Shlomo Kramer has put together, Imperva clearly qualifies as a category defining company.”
Imperva SecureSphere award-winning products deliver activity monitoring, audit and security for business applications and databases. SecureSphere products offer proven, automated capabilities for achieving, maintaining and documenting regulatory compliance. SecureSphere is the industry’s only complete business-critical data security and compliance solution that provides full visibility into data usage by the end-user, through the application and into the database. Automated feeds from the security and compliance experts at the Imperva Application Defense Center (ADC) ensure that SecureSphere is always armed with the latest defenses against new threats, and the most recent regulatory compliance best practices.
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
# # #
Imperva and SecureSphere are trademarks of Imperva, Inc. All other brand or product names are trademarks or registered trademarks of their respective holders.