RedSeal

Company

Investment-firm

Last deal

$60M

Amount

Private Equity

Stage

10.04.2019

Date

3

all rounds

$150.7M

Total amount

Financing round

General

About Company
RedSeal develops security risk management software and solutions to help companies eliminate cyber threats.

Industry

Sector :

Subsector :

Also Known As

RedSeal Networks Inc., Bar Harbor Systems, Inc., RedSeal Systems Inc

founded date

01.01.2004

Number of employees

Company Type

For Profit

Last funding type

Private Equity

IPO status

Private

Description

Founded in 2004, RedSeal provides a cyber-security analytics platform that calculates every possible internal and external “attack path” to the most valuable network assets for Global 2000 organizations, prioritizing the most vulnerable paths to their most valuable assets. Its software integrates with all industry-leading security solutions and workflow vendors, and is backed by prominent venture investors. RedSeal’s cloud security solution and professional services help government agencies and Global 2000 companies measurably reduce their cyber risk by showing them what’s in all their network environments and where resources are exposed to the internet, verifying networks align with security best practices, validating network segmentation policies, continuously monitoring compliance with policies and regulations, and prioritizing mitigation based on each vulnerability’s associated risk.
Legal Names

Legal name

RedSeal, Inc.
Similar Companies
1000
LogPoint

LogPoint

Logpoint is a cybersecurity company that offers a complete platform for organizations to detect and respond to evolving threats.

Sector

Software and Computer Services

Subsector

Software

Location

Copenhagen, Denmark

total rounds

3

total raised

$40M
ForeScout Technologies

ForeScout Technologies

ForeScout provides agentless visibility and control of traditional and IoT devices for Global 2000 enterprises and government agencies.

Sector

Software and Computer Services

Subsector

Software

Keywords

Network Security, Software, Information Technology

Location

San Jose, CA, USA

total rounds

11

total raised

$125.72M
Wallix

Wallix

Wallix is a cybersecurity software company that provides privileged access management solutions..

Sector

Software and Computer Services

Subsector

Software

Keywords

Cloud Security, Software, Cyber Security

Location

Paris, France

total rounds

8

total raised

$23.51M
NetRise Inc.

NetRise Inc.

NetRise Inc. is a cloud-based platform that automates computer and network security services.

Sector

Software and Computer Services

Subsector

Software

Location

Austin, TX, USA

total rounds

2

total raised

$14.82M
M&A Details
1

Acquired by

Symphony Technology Group

announced date

10.04.2019

Financials

Funding Rounds
9
3

Number of Funding Rounds

$150.7M

Money Raised

Their latest funding was raised on 10.04.2019. Their latest investor Sutter Hill Ventures. Their latest round Private Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Symphony Technology Group

Symphony Technology Group

Symphony Technology Group (STG) is a strategic private equity firm that invests in and builds software and services companies.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Software, Financial Services

Location

Palo Alto, CA, USA

count Of Investments

9

count Of Exists

6
Runway Growth Capital

Runway Growth Capital

Runway Growth Capital extends financing and support to fast-growing companies.

Sector

Investment Banking and Brokerage Services

Subsector

Diversified Financial Services

Location

California City, CA, USA

total rounds

2

total raised

$88.13M

count Of Investments

65

count Of Exists

16
Investments
6
Date 
name 
Lead 
type 
Raised 
14.10.2015
No
$15M
07.06.2015
No
$7M
Virgil Security

Virgil Security

Virgil Security simplifies the development and use of strong cryptography for developers and end-users.

Sector

Software and Computer Services

Subsector

Software

Location

Manassas, VA, USA

total rounds

3

total raised

$4.88M
Area 1 Security

Area 1 Security

Area 1 Security develops threat intelligence products to eliminate targeted, socially engineered cyber attacks.

Sector

Software and Computer Services

Subsector

Software

Location

Redwood City, CA, USA

total rounds

5

total raised

$82.5M
Colabo

Colabo

Colabo is an AI-powered knowledge automation solution for real-time extraction and utilization of information from documents.

Sector

Software and Computer Services

Subsector

Software

Location

San Carlos, CA, USA

total rounds

3

total raised

$10.5M
Co-Investors
Investors
13
5

Number of lead investors

13

Number of investors

Investor 
Lead 
Round 
Partners 
No
Series C, Venture - Series Unknown
No
Venture - Series Unknown
Yes
Series C, Venture - Series Unknown
Sutter Hill Ventures

Sutter Hill Ventures

Sutter Hill Ventures is a venture capital firm that invests in technology-based start-ups.

Sector

General Industrials

Subsector

Diversified Industrials

Location

Palo Alto, CA, USA

total rounds

1

total raised

$15M

count Of Investments

249

count Of Exists

76
Tench Coxe

Tench Coxe

Tench Coxe focuses his investments in telecommunications hardware, application software, semiconductors, and payment infrastructure. Tench joined the firm in 1987 following his tenure with Digital Communications Associates in Atlanta, where he managed T-1 products and directed internal MIS and marketing. Previously, he worked with Lehman Brothers in New York City, where he was a corporate financial analyst specializing in mergers and acquisitions as well as debt and equity financing. His current directorships include Actiance, Artisan Partners, Mattersight, NVIDIA, PINC Solutions, RedSeal Networks, Inc., Swift Financial and Tower Cloud, Inc. He was also responsible for the firm's investment in Alteon Networks, Aruba Networks, Inc., @mobile, Avant!, Clarus, Copper Mountain Networks, Edify, Legato, Lifesize, Lynk Systems, Network Appliance, Grand Junction, NCD, OnStream Networks, Ruckus Wireless, Symmetricom, Synernetics, Primary Access, WildCard Systems, and XcelleNet. Tench graduated from Dartmouth College with a degree in economics. He earned his MBA in 1984 from Harvard University's Graduate School of Business.

current job

Sutter Hill Ventures
Sutter Hill Ventures
Venrock

Venrock

Venrock partners with entrepreneurs to build disruptive, successful companies.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Venture Capital, Financial Services

Location

Palo Alto, CA, USA

count Of Investments

619

count Of Exists

216
Steven Goldberg

Steven Goldberg

Steve Goldberg joined Alcatraz as Advisor in 2018.AI Steven Goldberg joined Venrock in 2009 after having been CEO of several early stage companies including DataRunway, Vidient, Arcwave and CoWave Networks. Prior to that, he was Vice President of Research and Development at Nokia Internet Communications and Vice President and General Manager of the Wireless Communications Division at Cylink Corporation. Steve also held senior management and engineering positions at Trimble Navigation and Hewlett Packard. At Venrock, Steve focuses on investments in the wireless, mobile and energy sectors. He currently sits on the Board of Directors of Asoka, FutureDial, Neoconix, Newport Media, Kineto Wireless and Quantenna Communications.Previous board seats include Canesta (Acq by Microsoft) and Teranetics (Acq by PLX Technology). Steve received his B.S. and M.S. in Electrical Engineering from Washington University and his Ph.D. in Electrical Engineering from the University of California, Santa Barbara.

current job

Alcatraz AI
Alcatraz AI
OVP Venture Partners

OVP Venture Partners

OVP Venture Partners is a venture capital firm based in Seattle, Washington that invests in various sectors.

Sector

Closed End Investments

Subsector

Closed End Investments

Location

Seattle, WA, USA

count Of Investments

97

count Of Exists

30
Bill Funcannon

Bill Funcannon

Bill Funcannon joined OVP Venture Partners in 1989, first as Controller and then as Managing Director and Chief Financial Officer. In this role he reviews all financing documents, negotiates term sheets, structures deals and assists in the due diligence process. Bill is responsible for the firm’s day-to-day administrative activities and all its financial and reporting functions. Bill also sits on the Boards of RedSeal and EnerG2. He was previously a Board Membor for LeMond Fitness (sold) and Avenda (sold to Aruba). Prior to joining OVP, Bill spent eight years as Venture Fund Controller at Hambrecht & Quist, where he managed over $700 million in assets. Prior to H&Q Bill was a Registered Representative with the brokerage firm of CD Anderson & Co.

current job

OVP Venture Partners
OVP Venture Partners
Exits
2
Area 1 Security

Area 1 Security

Area 1 Security develops threat intelligence products to eliminate targeted, socially engineered cyber attacks.

Sector

Software and Computer Services

Subsector

Software

Location

Redwood City, CA, USA

total rounds

5

total raised

$82.5M
Colabo

Colabo

Colabo is an AI-powered knowledge automation solution for real-time extraction and utilization of information from documents.

Sector

Software and Computer Services

Subsector

Software

Location

San Carlos, CA, USA

total rounds

3

total raised

$10.5M

People

Founders
3

Scot Malloy

Founder at WhozTop

current job

WhozTop
WhozTop

organization founded

2

Scot Malloy

Brian Laing
Brian Laing

Brian Laing

Entrepreneur, technology visionary and business leader. For more than 20 years, Brian Laing has shared his strategic business vision and technical leadership with a range of start-ups and established companies in various executive level roles. Brian is driven by a strong entrepreneurial spirit and a proven ability to turn product visions into business results. He possesses a distinct mixture of technology, business and creative expertise drawing on his deep experience. Companies have benefited not only from his “big picture” vision, but also from his understanding of the interconnected pathways that accompany it. Brian currently serves on the management team of IT security innovator Lastline. The author of "APT for Dummies," he was previously vice president of AhnLab, where he directed the US operations of this internationally known security and software leader. Before joining AhnLab, Brian founded Hive Media where he served as CEO. He co-founded RedSeal Systems ($35M in funding), was granted two patents and conceived the overall design and features of the product. He was also founder and CEO of self-funded Blade Software, who released the industry’s first commercial IPS/FW testing tool. Summary * Entrepreneur adept at tailoring vision to the business needs of the customer and the company * Expert in corporate strategy, design and tactical execution * Skill to see the “Big Picture” and all its probable corollaries * Product leadership and vision from concept through development to sustaining innovations * Enterprise security software market vision and analysis * Complex problem solving * Investment preparation

current job

Lastline
Lastline

organization founded

1

Brian Laing

Alain Mayer
Alain Mayer

Alain Mayer

Alain Mayer is a 20-year veteran in computer security and product development, with a focus on machine learning. He grew up in Switzerland and lived in New York City for a decade, which makes him super polite and in your face, clean and messy, eating chocolate and bagels all at once. Alain earned a PhD in computer science from Columbia University and an MS in computer science from Brown University.

current job

Bolster Inc.
Bolster Inc.

organization founded

2

Alain Mayer

Employee Profiles
38
Greg Enriquez

Greg Enriquez

Chief Executive Officer

Bryan Barney

Bryan Barney

Chief Executive Officer

J.T. Treadwell

J.T. Treadwell

Director

Ramesh Kaza

Ramesh Kaza

Vice President of Customer Success

Kurt Van Etten

Kurt Van Etten

Chief Product Officer

Ray Rothrock

Ray Rothrock

CEO

Allan Thompson

Allan Thompson

Executive Vice President of Sales and Business Development

Robbie Forkish

Robbie Forkish

Executive Vice President of Products

Activity

Recent News
1