Palo Alto Networks pulls in new funds to ride out recession
Bracing for the downturn, Palo Alto Networks has added $10 million to the third round of financing it announced in August.
Lane Bess, chief executive of the enterprise firewall and security firm, raised $27 million just a few months ago but felt it was prudent to raise more. He said that the company was taking the advice of one of its venture capital investors, Sequoia Capital, which advised clients to hunker down in a now-famous presentation… Continue Reading
Palo Alto Networks raises $27 million for next-generation firewalls
Palo Alto Networks is announcing today it has raised $27 million in a third round of funding for its firewall appliance business.
Lehman Brothers Venture Partners led the round while other investors included Globespan Capital Partners, Greylock Partners, and Sequoia Capital. The Sunnyvale, Calif.-based company will use the money to expand its sales, marketing and customer services functions in North America as well as extend its business into Europe and Asia.
The size of the round is… Continue Reading
Palo Alto Networks offers firewall to distinguish between applications
Palo Alto Networks, a company offering a new type of firewall that can distinguish between hundreds of applications, allowing businesses to create more refined security policies, has unveiled its product for the first time.
Dark Reading had an early story on it, and a good explanation of how it works.
The company has also raised $28 million in venture capital in two rounds of capital, the most recent led by Globespan Capital Partners, according to another report… Continue Reading