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Invincea scores $16M for Series C round

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December 16
8:37 PM 2013

Fairfax, Virginia-based Invincea Inc said it was able to secure $16 million for its Series C equity round. New investors Aeris Capital and Dell Ventures participated in the round. The financing was also participated in by existing backers Grotech Ventures, Harbert Ventures and New Atlantic Ventures.

A cyber security solutions provider, Invincea offers solutions for advanced malware threat detection, forensic threat intelligence and breach prevention. With their market-leading solutions, Invincea protects networks from all kinds of end-user directed threats. The company's solutions move applications so that dubious content is moved into controlled, secure virtual containers which can detect and terminate the threats automatically and in real time.

Together with the funding announcement, Invincea also revealed its acquisition of Sanboxie in an earlier deal entered into this year. Invincea said Sandboxie deploys its solutions globally and is a well-respected company in the market for virtual containment solutions.

In a statement, Invincea said both the proceeds of the funding round as well as the acquisition of Sandboxie will support its accelerated growth worldwide as it expands into the small business sector. Both events also strengthen its position as the leader in the cyber security space.

Invincea also recently said it had attained year-over-year growth of 200%. The company's solutions was also deployed in close to 10,000 organization around the world in various industry verticals like energy, financial services, healthcare, defense industrial and government agencies, among others. It has also launched a new offering called Invincea FreeSpace for Small Business which serves the growing demand for threat protection in this underserved but highly vulnerable market.

In the statement, Invincea Founder and CEO Anup Gosh said, "We're proud to be backed by our new investors Aeris and Dell, and for the continued support from our existing investors. We are fortunate to be in a situation where our revenues and deployments are on an exponential growth plane - giving us the ability to take strategic funding to support certain initiatives, such as our expansion in Europe."

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