Welcome!

Open Source Cloud Authors: Elizabeth White, Liz McMillan, Yeshim Deniz, Zakia Bouachraoui, Pat Romanski

News Feed Item

Lastline Secures $10 Million Funding Round

Lastline, an advanced malware defense platform provider, has raised $10 million from new investors Dell Ventures and Presidio Ventures, as well as existing investors Redpoint Ventures and e.ventures. With the new round of funding, Lastline will continue to focus on serving its rapidly growing, global enterprise customer base as well as new and existing partnerships to improve information security and threat intelligence worldwide.

This round of funding adds to the $13.7 million raised in earlier rounds to bring total funding raised to nearly $24 million since the company’s founding in 2011.

“Today's strategic investment in Lastline expands our commitment to bring innovation and breakthrough technology to our customers,” said Victor Chang, Director of Dell Ventures. “Combining Dell IP with Lastline technology positions us to deliver differentiating solutions to help protect our customers from the ever-changing, advanced security threats to their business.”

Dell Ventures, the strategic investment arm of Dell, announced its $300 million Strategic Innovation Venture Fund last December. In addition to providing capital, Dell Ventures can offer access to a breadth of Dell resources, including technical and business expertise, brand, OEM solutions, channels and go-to-market relationships.

"Advanced malware is impacting businesses in every region and industry," said Shaun Tanabe, Director of Presidio Ventures. "We are proud to join the Lastline team in bringing their unmatched mix of academic rigor, executive leadership and anti-malware innovation to market around the world."

Funding from Presidio Ventures, the wholly-owned, U.S.-based investment vehicle of Sumitomo Corporation, underscores Lastline’s expanding reach into Japan as well as into broader enterprise markets in the Asia-Pacific region including banking, infrastructure, media and manufacturing.

“Lastline has the most compelling advanced malware defense platform on the market. Its software- and cloud-centric approach provides enterprises an average of ten times the value of first-generation APT appliance vendors,” said John Walecka, partner of Redpoint Ventures. “Lastline can detect evasive malware that is crafted to bypass detection of open source and first-generation sandboxing technology.”

In June 2013, Redpoint Ventures and e.ventures led the $10 million Series B round, commercially catapulting the company with deep academic roots into the multibillion-dollar global IT security marketplace.

In the past year, Lastline has deployed its next-generation sandbox powered by full system emulation technology and cloud-based threat analysis in enterprises and with managed security service providers (MSSPs) across North America, Europe and Asia -- rooting out zero-day threats, advanced persistent threats (APTs), advanced targeted attacks (ATAs) and advanced malware not caught by traditional anti-virus or first-generation sandboxing technologies.

“Our software platform and cloud-centric approach to combating advanced malware is seeing a strong response in the market from global enterprises and our security partners who are dissatisfied with the costly and incomplete offerings of first-generation APT vendors,” said Jens Andreassen, CEO of Lastline. “We are delighted to have new and existing investors backing our vision to help us defend even the largest organizations and the billions of people they serve worldwide from this new wave of pernicious threats.”

The Lastline advanced malware defense platform provides Global 2000 enterprises universal protection against threats entering networks via Web, file and email. Lastline inspects network traffic, attachments and URLs for advanced malware in an elastic, cloud-centric, sandbox analysis environment, without relying on traditional signature-based approaches.

About Lastline, Inc.

Lastline, Inc. provides the best-in-class malware defense platform to detect and stop advanced persistent threats, zero-day exploits and evasive malware. Lastline’s next-generation sandboxing technology inspects common network protocols and files to identify and stop advanced threats that bypass traditional signature-based systems, while remaining invisible to the malware itself using full-system emulation. The Lastline software platform makes it highly efficient and cost-effective to protect large, distributed organizations on existing hardware and in the cloud. Headquartered in Redwood City, Calif. with offices throughout North America, Europe and Asia, Lastline was founded in 2011 by world-renowned security researchers and the creators of Anubis and Wepawet – malware analysis tools used by thousands of security providers, Global 2000 companies and government agencies worldwide. To learn more, visit www.lastline.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...