Source: Information Security Buzz
Record setting sales performance, Series C funding, and high-impact strategic partnerships
reinforce company’s leadership position in advanced malware protection
REDWOOD CITY, CA – Lastline, Inc., the leader in advanced network-based malware protection, announced today explosive growth and market momentum throughout the first half of the year. In Q2 alone, the company saw its highest ever quarterly sales performance, signed partnerships with IBM and Forcepoint, completed a $28.5M Series C round of fundraising, and announced Lastline Breach Defender™, which provides unparalleled insight into network breaches. The company’s 50 percent year-over-year employee headcount growth further underlines the expansion across business activities as it positions itself for sustained and rapid growth. The company’s record financial results are attributed to success across a range of go-to-market channels including OEM and MSSP relationships, and direct enterprise sales fueled by a growing market awareness and demand for the unique capabilities and benefits that the company’s technology offers.
“Our achievements throughout the first half of the year reflect the market’s increasing understanding of how Lastline uniquely can demonstrate success in detecting network breaches where other technologies have failed,” commented Lastline CEO and co-founder, Dr. Chris Kruegel. “Cybercriminals continue to improve their ability to bypass existing security technologies with sophisticated malware-based attacks. We know malware better than anyone, and our solutions bring that expertise to bear to prevent costly and damaging data breaches.”
In the first half of 2017, Lastline:
- Achieved Record Setting Sales
In Q2 2017, Lastline achieved the highest quarterly sales in company’s history, fueled by increased adoption in banking and financial services, business services, and other global sectors.
- Raised $28.5M in Series C Funding to Fuel Explosive Growth
The VC community demonstrated its confidence in Lastline’s growth potential by providing the company with $28.5M in Series C funding. The financing will be used to accelerate the company’s aggressive go-to-market strategy that focuses on sales and marketing expansion, and bolstering its development organization to deliver on its vision of breach protection.
- Inked IBM and Forcepoint Partnership…
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