US-based cyber threat detection technology developer Pwnie Express has raised $12.9m in a series B round featuring MassMutual Ventures, the corporate venturing subsidiary of insurance group Massachusetts Mutual Life Insurance.
Ascent Venture Partners led the round, which included venture capital firms .406 Ventures and Fairhaven Capital, and public benefit corporation Vermont Center for Emerging Technologies (VCET).
Pwnie Express has built a software platform called Pulse that can detect, identify and classify cyber threats on wireless, wired and Bluetooth devices. It will use the funding to meet demand for its product and accelerate growth.
Mark Goodman, managing director of MassMutual Ventures, said: “We are excited to join the Pwnie Express team as they lead the way in addressing emerging threats related to the wireless workplace.
“Cybersecurity plays an integral role in MassMutual’s overall corporate mission of helping people secure their future and protect the ones they love.”
Founded in 2009, Pwnie Express previously secured $5.1m in a 2013 series A round led by .406 Ventures and backed by Fairhaven and VCET.