Application security firms win investments

Wednesday, 2 July 2003, 1:18 AM EST

Two application-security vendors raised millions in capital Tuesday, and security analysts say the investments show the application security market is here to stay.

Web application-security maker Kavado Inc. received $10 million in third-round funding today, bringing its total funding to $18 million to date. This round, Kavado's largest to date, was led by Pequot Ventures. Previous investors, including Banc of America Equity Partners, Neurone Ventures, and 3i Group, also participated in this round.

Web application gateway maker NetContinuum Inc. also received roughly $1 million in additional funding today from Siemens Venture Capital GmbH. NetContinuum has secured more than $55 million since the company's founding in 1999.

[ Read more ]

Related items




Spotlight

Hospitals advised to stop using vulnerable computerized drug pumps

This is the first time that the US FDA has advised healthcare providers to stop using a medical device because of cybersecurity vulnerabilities.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Tue, Aug 4th
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //