Back

Endgame Raises $23M to Take Security Solutions Beyond Government’s Door

Cybercrime is making big money, and not just for the criminals. The rise of cyberattacks has led to a big market for solutions to fight it. This week, Endgame, a next generation protector against cybercrime, has raised $23 million in a round led by Paladin Capital, the private equity firm. Existing investors Bessemer Venture Partners, Columbia Capital, Kleiner Perkins Caulfield & Byers and TechOperators also participated.

Endgame has traditionally developed tools to fight cybercrime for government customers. The company will use this latest funding to help it expand into other markets, particularly in the private sector.

“The cyber needs of federal and commercial entities are converging as states look beyond targeting other states to target private companies, and national security thinking must increasingly account for private infrastructure,” said Nate Fick, CEO of Endgame. “I’m excited about leveraging the solutions and technology that our mission partners depend on to help businesses with comprehensive command and control of their network operations.”

Founded in 2008, Endgame enables real time command and control capabilities through analytics, visualization and knowledge discovery to enhance security perimeters.

In addition to its investment, Endgame also gains some noteworthy talent on its board. Lt. Gen. (Ret) Kenneth A. Minihan, former director of the U.S. National Security Agency, will join Endgame’s board, as he currently works with Paladin’s managing director.

“The cyber domain will be increasingly important across all dimensions of national power – military, economic, and informational,” said Lt. General Minihan. “Endgame’s revolutionary technology allows its customers to use intelligence seamlessly to gain situational awareness and support their end-to-end network operations.”

Endgame has been on a talent acquiring role in the last several months. Fick joined as CEO last year.The company’s recently hired CTO, Matt Georgy, previously served as a computer security officer with the Department of Defense and the Air Force. The chairman of its board is Christopher Darby, the CEO of In-Q-Tel, the venture capital firm of the CIA.

In addition to a $29 million round in 2010, the company’s total funding is now $52 million.

Speak Your Mind

*