eEye Digital Security Raises Additional $9 Million
by Berislav Kucan - Tuesday, 10 December 2002.
eEye Digital Security announced that they have raised $9 million in the Series C financing round. This funding will be applied for expanding European presence, launching additional offices in North America, launc of a new Blink Intrusion Prevention System and accelerating the ongoing growth of the company's operations. This round was lead by Insight Venture Partners.

Marwan Naja, Co-CEO and CFO of eEye said: "Since its founding, eEye has succeeded in delivering a portfolio of best-of-breed security software while maintaining profitable and growing operations. The investment partnership with Insight provides eEye with the means to more aggressively grow our sales delivery to large enterprises, expand our global coverage to better serve our larger clients and to grow our product base as well."

"We are extremely excited about our investment in eEye. In addition to extremely strong financial and operational fundamentals, this is a company that has demonstrated leadership in network security through some of the most important vulnerability research and pioneering product development in the growing vulnerability assessment segment," said Scott Maxwell, a Managing Director at Insight Venture Partners who will be joining eEye’s board along with Michael Triplett, a Principal at Insight.

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