Network Security Startup DB Networks Raises $17M
DB Networks, a Carlsbad, CA-based company developing database security technology, says today it has raised $17 million in a new financing round led by Grotech Ventures. The additional cash will be used to advance its network technology and expand its business, according to a statement.
Founded in 2009, DB Networks previously raised a $2.3 million seed round, and $4.5 million in a Series B round early last year. Since then, Brett Helm has moved into a full-time role as DB Networks’ chairman and CEO. At the time, Helm also was serving as the CEO of Coradiant, a San Diego Web applications developer.
Citi Ventures and Khosla Ventures, an existing investor, also invested in the new round for DB Networks.
The company has combined a network device with machine learning and behavior analysis software to automatically detect malicious attacks against databases, which have become the ultimate target of state-sponsored espionage, cyber-crime syndicates, and malicious hacker attacks.
DB Networks says their technology also can provide insights about data moving through core networks, determines whether core network security policies are being violated, and can discover undocumented databases where stolen data might be stored.
“What these new capabilities mean is that in the case of an attack, such as what happened at Target Stores last year, our technology would immediately [notify network administrators] that there are database interactions occurring across network segments in clear violation of policy,” spokesman Mike Sabo says.
Joe Zell, a general partner at Vienna, VA-based Grotech, also joined the company’s board. Other directors include Shirish Sathaye of Khosla Ventures, retired U.S. Army General Dave Bryan, and Bill Stensrud, a networking equipment investor who joined the board last year. “DB Networks enables organizations to effectively cope with advanced threats against their critical information assets in the core network, which is really a first-of-its-kind solution for core database protection,” Zell says in a statement from DB Networks.
In addition to its headquarters in Carlsbad, about 35 miles north of San Diego, Sabo said DB Networks now has offices in Palo Alto, CA, Seattle, Chicago, Atlanta, and New York.
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