Voltage raises $12M more for encryption technology

October 22, 2007 | Matt Marshall

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.

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Tags: deal

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.