US-based cybersecurity network provider Norse raised $11.4m in a series A1 round led by KPMG Capital, the investment unit of professional services firm KPMG, yesterday.
A consortium of undisclosed existing shareholders also participated in the extension, which follows the $10m of series A funding provided by Oak Investment Partners in 2013.
Founded in 2010, Norse operates a global early warning system for cyberattacks. The company’s network processes several hundred terabytes of traffic on the internet each day and compares it against a 7,000 terabyte database to identify threats.
The funding will support further product development and sales efforts outside the US.
Norse has now raised $42m altogether, including $50,000 in seed funding from accelerator Capital Innovators in 2011. The company has not disclosed details concerning the remaining funding.
Mark Toon, CEO of KPMG Capital, said: “As trusted advisors to governments and industries around the world, KPMG member firms work to find smart, creative and forward-thinking technologies like Norse threat intelligence solutions to help address cybersecurity challenges.
“Through KPMG Capital’s strategic investment in Norse, we can ensure that clients will benefit from their industry-leading technologies today and in the future.”