Solera finds $7M for network forensics software
Solera Networks, maker of software that allows network operators to retrace their steps and pinpoint past glitches and security breaches, has landed $7 million in a second round of funding to expand its marketing efforts and its Washington, D.C. office in convenient proximity to likely government clients.
While the Lindon, Utah, company would not disclose any of its current customers, it did say its business is split pretty evenly between corporate and government organizations. Especially for federal agencies, this type of software is vital to locate possible security violations. Corporations tend to use it more as a backup system in case something goes wrong.
Basically, Solera’s software records all network activity — an overwhelming amount of data — without slowing down other system operations. It works at high speeds in both virtual and physical server environments and is able to index network events to make them more easily searchable and replay them on demand. While a lot of companies offer similar services, Solera seems to be the only one that can do so in a 10-gigabyte environment. The others require more resources.
The recent round of financing was provided by new backer Allegis Capital and existing investor Canopy Ventures. Spencer Tall, co-founder of Allegis says the firm has been aware of Solera’s activities for about three years but waited for it to solidify its management structure before participating. It often invests in Utah-based companies.
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