ProtectWise closes $20M in Series B funding

ProtectWise, a provider of enterprise threat detection, visibility and response technology, has closed a $20 million round of Series B funding; the company has now raised over $37 million since its founding in 2013. The round was led by Tola Capital and saw follow-on investment from Crosslink Capital, Trinity Ventures, Paladin Capital Group and Arsenal Venture Partners. Sheila Gulati, managing director at Tola Capital, has joined the company’s Board of Directors.

ProtectWise shifts network security to the cloud to provide complete visibility and detection of enterprise threats and accelerated incident response. The company is disrupting network security with its Cloud Network DVR, a virtual camera in the cloud that records everything on the network. It allows security professionals to see threats in real time and continuously goes back in time to discover previously unknown threats automatically.

The Cloud Network DVR delivers unique advantages over current network security solutions, including an unlimited retention window with full-fidelity forensic capacity, the industry’s only automated smart retrospection, advanced security visualization, and the ease and cost-savings of an on-demand deployment model.

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