US-based enterprise security software provider Bastille Networks has secured $27m in a series B round that included mass media group Comcast.
Venture capital firms Bessemer Venture Partners and Ballentine Partners, private equity fund Spinnaker VC and private equity firm Keel Funds also participated in the round, along with unnamed private investors.
Bastille has created a cybersecurity platform that uses machine learning and software-defined radio technology to detect threats among a client’s mobile, wireless and internet-of-things (IoT) devices, a space it calls the internet of radios.
The round, which valued Bastille at $100m according to Atlanta Business Chronicle, boosted Bastille’s total funding to more than $40m, the company having raised $13.8m in 2015 according to a regulatory filing.
Chris Risley, chief executive of Bastille, said: “With billions of [radio frequency] and IoT-connected devices already in use, enterprises face a massive security challenge from the internet of radios.
“This endorsement from the investment community speaks to the need for our unique solution to help protect enterprise and federal customers from these radio-borne security threats.”