Deals

Bit9 raises $34.5M to fight cybercrime (and maybe the League of Shadows)

Online security company Bit9 just announced the close of $34.5 million funding from some of the biggest names in venture capital. This is Bit9’s fourth round, and it’s led by Sequoia Capital. The round also includes existing investors Atlas Ventures, Highland Capital Partners, Kleiner Perkins Caufield & Byers, and .406 Ventures.

With cybercrime on the rise, it’s become increasingly important to protect organizations against it. Bit9 combats advanced persistent threats that standard virus protection software, like McAfee and Symantec, do not.

The technology uses real-time sensors, monitoring, and application control to protect endpoints and servers from malicious attacks. The “whitelisting” feature allows only trusted programs to run and blocks banned software. If a breach occurs, Bit9 Parity will lock down the system so no new software can run.

This is the largest round in Bit9’s history, just about doubling its total funding raised over previous rounds. The company has grown 100 percent each year for the past two years and currently protects more than 700 organizations across multiple industries, like education, finance, enterprise, government, healthcare, retail and utilizes, from cyber attacks.

Bit9 is based in Waltham, Massachusetts.

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