US-based cybersecurity company Vidder closed a $12m series B round today backed by investors including Presidio Ventures, the US-based corporate venturing subsidiary of conglomerate Sumitomo.
LDV Partners led the round, which also included venture capital firms Onset Ventures and Voyager Capital, both of which are existing investors. Vidder had raised $6.3m in funding up to August 2014.
Founded in 2009, Vidder’s technology centres on PrecisonAccess, a control system that uses pre-authentication to create individual connections for users, only giving them access to applications they are authorised to use.
Vidder will invest the funding in marketing, sales and customer service as it seeks to expand across the globe.
Mark Hoover, chief executive of Vidder, said: “Cyberattacks are rampant. Many of the massive, continuing breaches we see today are the results of enterprise applications being exposed to all kinds of users in the extended enterprise of cloud apps and partner ecosystems.
“We have had great success protecting Fortune 500 companies in the US and are looking forward to now expanding globally. The international insight that LDVP and Presidio bring are just what we were looking for.”