Bandura Announces $4 Million in Series A Funding
COLUMBIA, Md. & ST. LOUIS--(BUSINESS WIRE)--Aug 21, 2018--Bandura, which pioneered the Threat Intelligence Gateway (TIG) industry in part with the U.S. Department of Defense, today announced it has completed a Series A round, securing $4 million in financing led by Grotech Ventures, Gula Tech Adventures, Maryland Venture Fund, and Cultivation Capital. This strategic funding will strengthen Bandura’s position as a leader in the emerging Threat Intelligence Gateway (TIG) marketplace. The Bandura TIG ™ is purpose-built to filter network traffic against large volumes of threat intelligence indicators, better protecting networks from the massive volume of known threats.
At any moment, tens of millions of known malicious IP addresses and domains are attacking organizations. These threats are dynamic and everchanging and, while there is a significant volume of actionable threat intelligence that can be used to detect and block the threats, firewalls can manage only a very limited number of threat indicators. The result is security coverage gaps, alert fatigue, staff overload, inefficient use of expensive firewall resources, and suboptimal return on existing security investments.
“Firewalls are getting crushed by the sheer volume of threats that hit organizations industry-wide every day,” said Chris Fedde, CEO of Bandura. “And, while external threat intelligence is available, most companies lack the staff and resources to effectively and efficiently operationalize it. The Bandura TIG complements the firewall, enabling companies of all sizes to use threat intelligence without limits in an easy and automated way. We are grateful for the support of our investors and believe it is a testament to our work redefining the industry’s use of threat intelligence from reactive detection and response to proactive prevention.”
Bandura pioneered the concept of a TIG in part through its work with the U.S. Department of Defense several years ago. With over 50 issued and pending patents, the company continues to offer the most comprehensive, scalable, and granular TIG platform on the market. The Bandura PoliWall TIG can process over 100 million unique threat intelligence indicators (IP addresses and domains) at line speed ahead of a user’s firewall. Able to filter both inbound and outbound traffic, Bandura enables organizations to better protect their networks from threats including network probes and scans, malware, command and control, botnets, ransomware, and other threats, mitigating the risk of breaches and sensitive data exfiltration.
“We partner with innovative cybersecurity technology companies who are bringing fresh ideas and unconventional approaches to tackle the large and growing cybersecurity challenge,” said Steve Fredrick, General Partner at Grotech Ventures. “Bandura offers such innovation by empowering organizations with the most comprehensive and advanced IP threat protection available.”
Ron Gula, President and Co-Founder of Gula Tech Adventures and Co-Founder of Tenable, adds, “Bandura is a prime example of an innovative next-generation cybersecurity company and we are excited to join them on their mission to educate organizations on how to take action with threat intelligence. Their success so early on in the game validates the benefits Bandura’s solution offers.”
Bandura delivers the threat intelligence automation and control needed for companies of all sizes to block known threats at massive scale, take action with threat intelligence, and maximize existing security resources. To learn more about Bandura, please visit https://bandurasystems.com.
Bandura pioneered the Threat Intelligence Gateway (TIG) in part with the U.S. Department of Defense. Bandura’s PoliWall TIG is the most comprehensive, scalable and granular TIG platform on the market. Organizations worldwide use TIGs for the automation and control needed to operationalize millions of threat indicators blocking known threats before they even reach the network firewall. Underlying Bandura’s robust technology are more than 50 issued and pending patents. To learn more about how Bandura’s PoliWall TIG reduces an organization’s attack surface, operationalizes threat intelligence and helps get more out of existing security investments, visit https://bandurasystems.com.
For more information on Bandura’s PoliWall TIG: https://bandurasystems.com/products/poliwall/
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Kate Davis Shapiro, 410-698-5211
KEYWORD: UNITED STATES NORTH AMERICA MARYLAND MISSOURI
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET NETWORKS SOFTWARE TELECOMMUNICATIONS SECURITY
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