Veriflow Secures Series A Funding

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.

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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

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