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