Deals

Voltage raises $12M more for encryption technology

Want to master the CMO role? Join us for GrowthBeat Summit on June 1-2 in Boston, where we'll discuss how to merge creativity with technology to drive growth. Space is limited and we're limiting attendance to CMOs and top marketing execs. Request your personal invitation here!

Voltage Security, a Palo Alto, Calif. company that offers encryption technology to large companies to protect their data, said it has raised $ 12 million fourth round of financing.

Trident Capital led the round with participation from existing investors including Hummer Winblad Venture Partners, Morgenthaler Ventures, Menlo Ventures, Cipio Partners and JAFCO Ventures. Peter T. Meekin, Managing Director at Trident Capital, joins the Voltage Board of Directors.

The company recently said it saw record financial performance for the first half of 2007, including nearly 80 percent growth in revenues for the trailing four quarter period, and positive cash flow from operations for the past two consecutive quarters.


VentureBeat’s VB Insight team is studying email marketing tools. Chime in here, and we’ll share the results.