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Data security startup Verdasys locks up $12M, hires former McAfee exec as CEO

Above: Verdasys claims it "once caught a thief stealing drawings for the next Ferrari."

Image Credit: Ferrari

Verdasys, a security firm that specializes in endpoint data protection, has raised $12 million from Brookline Ventures. In an interesting move, the startup is naming that fund’s cofounding partner, Kenneth Levine, as its new chief executive.

Verdasys’ new CEO formerly led NitroSecurity, a developer of security tools that McAfee acquired in 2011. Later, Levine served as senior vice president and general manager at McAfee. The 11-year-old company was previously led by Jim Ricotta, a former Cisco and IBM executive.

Verdasys is remarkably candid about its past success. The company claims it recently aided the FBI in catching “two Chinese nationals stealing trade secrets at Dupont and Valspar paint.” The firm also claims it “once caught a thief stealing drawings for the next Ferrari.”

Verdasys’ plans for its new capital, however, are predictably vague; the security firm’s official release claims it will expand into new markets, and explore new partnership opportunities. The company has now pulled in a total of $65 million in funding to date.

More information:

McAfee, headquartered in Santa Clara, California, is the world’s largest dedicated security technology company. McAfee delivers proactive and proven solutions and services that help secure systems, networks, and mobile devices around... read more »

Verdasys provides advanced data protection solutions for endpoints. It is the only data loss prevention (DLP) vendor that also protects companies’ sensitive data from both insider and cyber threats. Verdasys secures the sensitive dat... read more »

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