US-based cybersecurity technology producer Tempered Networks has secured $10m in a funding round backed by media company International Data Group’s investment affiliate IDG Ventures, GeekWire reported yesterday.
Venture capital firm Rally Capital also took part in the round alongside all Tempered’s existing investors, though the company has only named VC firm Ignition Partners as an additional shareholder.
Founded in 2014, Tempered Networks initially developed internet-of-things security products but is now widening its scope to include entire enterprise networks. The technology protects infrastructure by securing the entire physical, virtual and cloud environment.
The capital injection will go towards recruitment and product development, particularly with a view to attracting clients in foreign markets. Tempered’s customers currently include firms in the oil and gas, utilities and manufacturing sectors.
Ignition previously led a $15m series A round in March 2015 backed by IDG Ventures which followed a $2m seed round in November 2014 and a $5m bridge round the following month, both of which were funded by undisclosed investors.