By the 10Fold Big Data team
Veriflow, a company that 10Fold recently launched out of stealth mode on April 5, 2016 with $2.9 million in initial investor funding from New Enterprise Associates (NEA), the National Science Foundation and the Department of Defense, recently announced their first round of funding.
Coverage Highlights:
Network World, Ben Kepes, Veriflow raises cash to develop network security toolkit
RedHerring, Cybersecurity Firm Darktrace Grabs $65M Investment Round
Wall Street Journal, Cat Zakrzekski, Networking Company Veriflow Swiftly Raises $8.2M Series A
CRN, Mark Haranas, The 10 Coolest Networking Startups of 2016 (so far)
On July 6, 2016 Veriflow announced they had raised $8.2 million in Series A funding, led by Menlo Ventures along with current investor New Enterprise Associates (NEA). The company will use the funding to build its sales force, hire new engineering talent and increase marketing efforts to further drive the company’s technological innovation and growth as well as industry awareness of mathematical network verification.
“The feedback from customers and analysts indicates the market is ready for a new approach to network breach and outage prevention. Our use of mathematical network verification, grounded in data plane information, gives customers a proactive approach to identifying vulnerabilities before they are exposed to catastrophic problems,” said James Brear, president and CEO of Veriflow.
Using formal verification techniques, which uses sophisticated algorithms to prove or disprove the correctness of a system with respect to certain functional specifications, Veriflow bulletproofs networks by predicting all possible network-wide data flow before it happens. It pinpoints vulnerabilities in the realization of network-wide security and resilience policies – such as network segmentation, service availability, and network compliance standards like PCI and HIPAA – to avoid change-induced incidents. Through comprehensive, always-on verification, Veriflow’s patented approach provides automated solutions across the multi-billion-dollar networking market to minimize the security vulnerabilities and costly disasters that can result from human factors during network changes.
“Until now, network operators have depended on several different tools to diagnose and mitigate problems occurring in their networks, which often lead to complications and oversights,” said Eric Hanselman, chief analyst at 451 Research. “Veriflow’s approach could provide not only a retrospective view but, more importantly, predictive capabilities for a clear and detailed understanding of complex networks. This platform has the potential to be a validating step in network automation, reducing risk in provisioning.”
Full Funding Coverage
- Make Me Feed, Network working company Veriflow Swiftly Raises $8.2M Series
- Tech Info, Network working company Veriflow Swiftly Raises $8.2M Series
- EcNet Solutions, Network working company Veriflow Swiftly Raises $8.2M Series
- Zicos, Network working company Veriflow Swiftly Raises $8.2M Series
- Pivolto, Network working company Veriflow Swiftly Raises $8.2M Series
- Smile Polietly, Network working company Veriflow Swiftly Raises $8.2M Series
- RedHerring, Cybersecurity Firm Darktrace Grabs $65M Investment Round
- TechCrunch Crunch Newsletter, $8.2M/ Series A funding
- SiliconAngle, Maria Deutscher, Veriflow Raises $8.2M to fight hackers with math
- Reuters, BRIEF- Veriflow says has raised $8.2M in Series A Funding
- Network World, Ben Kepes, Veriflow raises cash to develop network security toolkit
- Blog Likes, Veriflow Raises $8.2M for Menlo NEA
- PE Hub Networks, Mark Boslet, Veriflow Raises $8.2M for Menlo NEA
- net, BRIEF- Veriflow says has raised $8.2M in Series A Funding
- Jittery, BRIEF- Veriflow says has raised $8.2M in Series A Funding
- New Hours Day, BRIEF- Veriflow says has raised $8.2M in Series A Funding
- Who is the News, BRIEF- Veriflow says has raised $8.2M in Series A Funding
- Fortune, Dan Primack, Term Sheet- Wednesday, July 6
- Wall Street Journal, Cat Zakrzekski, Networking Company Veriflow Swiftly Raises $8.2M Series A
- CRN, Mark Haranas, The 10 Coolest Networking Startups of 2016 (so far)
- TechCrunch, Lora Kolodny, Veriflow Raised $8.2Million to help IT pros avoid network outages and breaches
- Solid Viral News, Veriflow Raised $8.2Million to help IT pros avoid network outages and breaches
- Last One Minute News, Veriflow Raised $8.2Million to help IT pros avoid network outages and breaches
- Age Times, Veriflow Raised $8.2Million to help IT pros avoid network outages and breaches
- IoE Business, Veriflow raised $8.2M to assist IT execs steer clear to network outages and breaches
- TechTub, Veriflow raises $8.2M to fight hackers with math
- Tech Sky News, Veriflow raised $8.2M to help IT Pros avoid network outages and breaches Social Shopping News, Veriflow raised $8.2M to help IT Pros avoid network outages and breaches
- Entire News Link, Veriflow raised $8.2M to help IT Pros avoid network outages and breaches
- Game Vicio, Veriflow raised $8.2M to help IT Pros avoid network outages and breaches
- Tech 27, Veriflow raised $8.2M to assist IT execs steer clear to network outages and breaches
- SDXCentrl, Craig Matsumoto, Veriflow Applying Formal Verification to security lands $8.2M Series A
- Tech Investor News, Veriflow raises cash to develop network security toolkit
- InformationWeek- Network Computing, Maria Savage, 9 Tech Startups Blazing New Trails this Summer
- CMS Wire, Dom Nicastro, Apttus Prepares for Public Offering, Workfront Hires CEO, More
- FinSMes, Cybersecurity company Veriflow Secures $8.2 in Series A Funding
- NewsTag, Veriflow secures Series A Funding to Dive Innovation in Preventing Change-induced outages breaches in network
- Chicagolnoo, Karis Hustad, Veriflow Raises $8.2M Series A to prevent catastrophic security breaches
- Coverage!, Veriflow Pioneers mathematical network verification
- Silicon Valley Business Journal, Gina Hall, Veriflow Raises $8.2M to improve network security
- True Viral News, Veriflow Raised $8.2Million to help IT Pros avoid network outage and breaches
- eWEEK, Sean Michael Kerner, Veriflow Raises $8.2M to Help verify network security
- Packet Pushers, Drew Conry-Murray, Veriflow Nabs $8.2Million for clever ideas about network outage prevention