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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Bandura Cyber Expands Funding Round to Over $10 Million

February 20, 2019

COLUMBIA, Md.--(BUSINESS WIRE)--Feb 20, 2019--Bandura Cyber, which pioneered the Threat Intelligence Gateway (TIG) industry in part with the U.S. Department of Defense, today announced a Series A round of funding. The round was led by Tenfore Holdings with participation from Grotech Ventures, Gula Tech Adventures, and Cultivation Capital. Joyce Shen of Tenfore Holdings will join the company’s board of directors as part of the round.

Transforming the way organizations detect and block threats, the Bandura TIG™ complements the firewall, enabling companies of all sizes to use threat intelligence without limits in an easy and automated way. The Bandura TIG can process over 100 million unique threat intelligence indicators at line speeds ahead of the firewall. With Bandura’s ability to filter both inbound and outbound traffic, the efficiency of expensive firewall resources is improved and the return on existing security investments increased. Bandura leads the Threat Intelligence Gateway market with a rapidly expanding user base and multiple issued and pending patents. The company continues to enhance its most comprehensive, scalable, and granular TIGs on the market.

The strategic funding will accelerate sales and marketing efforts to build on its current momentum with customers in financial services, healthcare, energy, and state and local government, as well as to make key investments in product development as the leading innovator in threat intelligence gateways.

“We are grateful for the support of our investors and the opportunity to deliver the power of automated threat intelligence to organizations of all sizes to block known threats at massive scale,” said CEO, Chris Fedde. “Tens of millions of known malicious IP addresses and domains are attacking organizations daily. Bandura Cyber provides organizations the ability to use threat intelligence to proactively prevent these threats from burdening network defenses and staff resources.”

“Bandura’s platform can give customers real ROI in investing in a first line of defense in cyber – helping customers to take action with threat intelligence in an automated and data-driven manner and at scale. The platform provides significant advancement in intelligent network defense that is ‘plug and defend,’ allowing existing CSOs and their teams to focus on value-added tasks. We are excited to be a part of Bandura’s growth,” said Joyce Shen.

Steve Fredrick, General Partner at Grotech Ventures, adds, “Companies today are working harder than ever to put the massive scale of threat intelligence to work. Automating threat intelligence, as Bandura Cyber does, brings unprecedented threat prevention to networks of all sizes. We are proud to continue to support Bandura as they make a defining mark in a large scope of industries.”

Gaining momentum throughout 2018, the Bandura TIG (formerly known as the PoliWall TIG) was awarded 4.75 out of 5 stars by SC Magazine’s lab team during an independent review of  Threat Intelligence Providers, Platforms and Gateways. The company’s CEO, Chris Fedde, was also recently named a DCA Cyber Star for solving big problems in the DC region’s high growth cyber community. Strategic partnerships with Castra Consulting, Gigamon, and other key players also rounded out the year. To learn more about Bandura Cyber and to keep up to date on their latest announcements, please visit  https://banduracyber.com.

About Bandura Cyber

Bandura pioneered the Threat Intelligence Gateway (TIG) in part with the U.S. Department of Defense. Organizations worldwide use the Bandura TIG 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 multiple issued and pending patents. To learn more about how the Bandura TIG reduces an organization’s attack surface, operationalizes threat intelligence, and helps get more out of existing security investments, visit  https://banduracyber.com.

For more information on the Bandura TIG: https://banduracyber.com/product/.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190220005555/en/

CONTACT: Bandura Cyber

Allison Arvanitis, 910-690-9482

allison@golaunchtech.com

KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA MARYLAND

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET NETWORKS SOFTWARE SECURITY DEFENSE OTHER DEFENSE

SOURCE: Bandura Cyber

Copyright Business Wire 2019.

PUB: 02/20/2019 09:00 AM/DISC: 02/20/2019 09:01 AM

http://www.businesswire.com/news/home/20190220005555/en