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Altor Secures $10 Million Series B Round of Funding

Altor Networks, a leading innovator and provider of security for virtualized data centers and clouds, today announced that the company has closed a Series B funding round with new investors DAG Ventures, Juniper Networks with its newly announced Junos® Innovation Fund, Accel Partners and Foundation Capital, Altor’s founding investors.

This new financing of $10 million will enable Altor to significantly expand global sales and marketing. Altor recently completed a record fiscal quarter, despite the challenging economic environment, adding customers of all sizes in all verticals including the financial sector, higher education and cloud service providers.

“Altor impressed us with its superior technology and deeply experienced team in the realm of virtual security. The challenges of virtual and cloud security are real and prevalent, presenting an enormous market opportunity. We’re enthusiastic about Altor’s market-leading products and unique approach to addressing these emerging security gaps,” said John Caddedu, Managing Director at DAG Ventures.

“Juniper is building market leadership in cloud computing and securing the next generation data center,” said Douglas Murray, senior vice president and general manager, High-End Security and Services at Juniper Networks. “Our extensive search for the best technology to help us enable highly secure, virtualized, and massively scalable data centers led us to Altor, and we are excited to develop an even closer relationship through this investment.”

“Altor was founded with the singular goal of enabling secure virtualization and cloud computing,” said Amir Ben-Efraim, CEO of Altor Network. “This past year, customers have resoundingly affirmed the need to secure virtualized workloads, and the value of our purpose-built platform and solutions for addressing their concerns. We’re excited about moving forward in 2010 with enthusiastic customer and investor support to spur further innovation and growth.”

We urge you to find out more about Altor’s unique approach to virtualization and cloud security at www.altornetworks.com.

Published Tuesday, March 02, 2010 6:24 PM by David Marshall
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Altor Secures $10 Million Series B Round of Funding : VMblog.com … | VirtualizationDir - Top Virtualization Providers, News and Resources - (Author's Link) - March 3, 2010 11:05 AM
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