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Significant Up-round Supported by
Accel Partners, INVESCO, Sequoia Capital and New Investor DAG
Ventures.
ConSentry Networks, a
leading provider of secure LAN solutions, recently announced that it
has raised $20 million in its oversubscribed Series D round of
Venture Capital funding. Existing investors Accel Partners, INVESCO
Private Capital, and Sequoia Capital participated in the new round,
joined by new investor Duff Ackerman & Goodrich (DAG) Ventures.
ConSentry’s total funding now stands at $51 million.
ConSentry will use the
funds to build a stronger worldwide presence as demand for LAN
control and security solutions gain momentum in Asia and Europe,
rapidly approaching the uptake in the U.S. market.
“A lot of funding deals are
done in Silicon Valley, but I only see one or two really good
investment opportunities a year, and ConSentry is one of them,” said
John J. Caddedu, managing director of DAG Ventures. “ConSentry is
an opportunity we had to be a part of; the LAN security market
represents a disruptive technology shift and a multi-billion dollar
opportunity, and ConSentry has the innovative technology, market
traction, and team to take advantage of it.”
ConSentry’s LANShield
family of products, which enables customers to embed security
directly into their LAN infrastructure, provides the full set of
security features needed to protect enterprise assets. The LANShield
family provides network admission control to restrict who can come
onto the LAN, full Layer 7 visibility into all user activities,
control over user access to authorized resources through role-based
provisioning, and threat control to prevent zero-hour attacks from
compromising network availability.
“ConSentry is leading the
integration of security and switching in a market that hasn’t
undergone this scope of change in more than 10 years,” said Tom
Barsi, ConSentry Networks’ president and CEO. “The additional
funding will help us capitalize on the LAN security wave and the
growing worldwide demand by enterprises for more security and
control embedded in their networks.”
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