ProtectWise raises $25M in Series B, bets high on cloud security

ProtectWise, a provider of the enterprise security platform, has announced that it has closed a $25 million Series B round of funding. As a part of this round, the company also announced the appointment of ClearSky Managing Director Jay Leek to its Board of Directors. The round included Arsenal Venture Partners, Top Tier Capital Partners, Tola Capital and other strategic investors. “ProtectWise embraces the cloud form factor to deliver greater visibility into threats through an immersive visual presentation that’s second to none,” said Scott Chasin, CEO and Co-founder, ProtectWise.
“This new funding is testament to the tremendous market potential for a utility model in enterprise security. We are also proud to add to our Board of Directors Jay Leek whose exceptional leadership and guidance in the security community will be a huge benefit as we grow our business,” Chasin added.
ProtectWise plans to use the funds to broaden its footprint in traditional enterprise network security and further extend its flagship platform into cloud and ICS environments. “ProtectWise is redefining how enterprises acquire, manage and operate security with its cloud-based platform that delivers unlimited visibility into complex threats. We believe ProtectWise is positioned well for rapid growth in the security industry and that the company can materially improve the security posture of any organization,” said Jay Leek, Managing Director at ClearSky and former CISO of Blackstone. Leek brings to the company’s Board of Directors 20 years of leadership in building information risk and security programs. Existing Board members include Eric Chin, Partner, Crosslink Capital; Larry Orr, General Partner, Trinity Ventures; Matt Bigge, Venture Partner, Paladin Capital Group; and Sheila Gulati, Managing Director, Tola Capital. “It has never been more vital, or more difficult, for enterprises to have a unified view of the data coming across their network,” said Sheila Gulati, Managing Director, Tola Capital.
“Through its unrelenting focus on the security presentation layer, ProtectWise has cracked the code to delivering highly intuitive data interaction and retrospective analysis capabilities that help analysts create a clear, actionable view of network data,” Gulati added.

Abhinav Mohapatra

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