US-based cybersecurity analytics platform developer RedSeal relaunched on Monday with $17m of series C funding supplied by investors including fire protection and security company Tyco.
Tyco was joined in the round by Math Venture Partners, Pallasite Ventures, DRW, Venrock, Sutter Hill Ventures, Icon Ventures, Leapfrog Ventures and Olympic Ventures.
Founded in 2004 as RedSeal Systems, RedSeal provides proactive security intelligence technology. Its new analytics platform supports cloud and mobile technologies while providing the ability to create functioning network models, test networks, prioritise required actions and send information to fix any issues.
Ray Rothrock, RedSeal’s CEO, said: “This additional funding enables us to increase our engineering capabilities and expand our footprint both domestically and overseas.
“We are privileged that these investors share our vision of enhanced security through visibility that provides insight into all possible network paths, and helps executives easily understand how disparate solutions are working together – or not – to protect digital assets and infrastructure.”
The company raised approximately $50m in funding before this year from Venrock, Sutter Hill, Icon, Leapfrog and Olympic, as well as In-Q-Tel, the venture capital vehicle used by the US intelligence industry.