Seattle based “stealth-mode” enterprise network security startup ICEBRG, has announced that it has raised $10 million in Series A funding round. The funding was lead by Pelion Venture Partners with contribution from current investor Madrona Venture Group who also headed the ICEBRG’s seed round in 2014 along with other institutional and individual investors.
The company was established in 2014 by security industry experts, William Peteroy and Josh Carlson.
“Enterprises are under siege by hackers that can compromise their networks for less than $25 with simple phishing schemes,” said William Peteroy, CEO, ICEBERG, adding, “A hacker just needs to know how to use email and a credit card while defenders are required to have deep understanding of an increasingly complex set of security tools with fragmented networks and technologies that have grown organically over the years.”
Peteroy has served as a security response strategist at Microsoft where he worked on product security for Windows and Internet Explorer, and has also served on the Microsoft Crypto Board.
“We are excited to partner with the ICEBRG team,” said Chad Packard, Partner at Pelion Venture Partners. “ICEBRG has delivered a unique approach to enterprise network security. Using ICEBRG’s unique solution, the current and quickly growing list of F500 customers achieve real value and are able to rapidly respond and remediate even the most sophisticated attacks. With a top-tier cyber security team and unique product offering, ICEBRG is well positioned to continue their strong momentum.”