Monies to Support Expanded Product Development, Infrastructure, and Sales and Marketing Initiatives at Website Security Innovator SANTA CLARA, Calif., June 23
SANTA CLARA, Calif., June 23 /PRNewswire/ -- WhiteHat Security, a leading
provider of website security services, today announced that it has secured $7
million in Series D financing. The round was led by new investor Horizon
Ventures, and existing backers Altos Ventures, Garage Technology Ventures and
Startup Capital Ventures. WhiteHat Security will use the monies to fund new
product development and sales and marketing efforts, as well as to expand its
infrastructure to address the demands of a rapidly growing market for Web
application security solutions.
Websites are constantly at risk from evolving attack methods. As the bad
guys find new and innovative ways to infiltrate websites, companies need to
implement effective methods of protecting the information housed on them.
WhiteHat Sentinel is a Software-as-a-Service (SaaS) offering combining
proprietary scanning technology with customization, configuration and
verification by Web application security experts. Sentinel is the most
comprehensive, highly scalable and efficient solution for identifying,
managing and mitigating website vulnerabilities for companies of any size. In
addition, WhiteHat's Education Services division provides hands-on, practical
training to corporate security and software development teams to increase
understanding of the website security issues that they face.
"We've all seen the increasing statistics related to website attacks and
data breaches," said John Hall, managing director of Horizon Ventures and
member of WhiteHat Security's board of directors. "WhiteHat Security is on
the forefront of addressing website security needs with its advanced SaaS
technology platform, expert team and cutting-edge research. Their growing
partner and customer base, coupled with their overall market momentum, puts
them in an incredible position as an innovator in the website security
industry. Horizon Ventures is delighted to be a WhiteHat investor and to
collaborate with their management team on continued success."
"Because of the prevalence of Web-based attacks, the demand for Web
application security is growing rapidly. Additionally, regulatory compliance
standards such as PCI 6.6, which goes into effect at the end of this month,
are contributing to the widespread customer adoption of website security
solutions," said Stephanie Fohn, chief executive officer, WhiteHat Security.
"This new round of funding will help us meet that demand, continue to grow our
business and further solidify our leadership position in the industry."
WhiteHat Sentinel is currently available in two service levels, Standard
Edition (SE) and Premium Edition (PE), for an annual subscription fee with
tiered pricing based on the number of Web applications. Contact the WhiteHat
sales office at (408) 343-8300 for more information.
About WhiteHat Security, Inc.
Headquartered in Santa Clara, California, WhiteHat Security is a leading
provider of SaaS-based website security solutions. WhiteHat delivers turnkey
solutions that enable companies to secure valuable customer data, comply with
industry standards and maintain brand integrity. WhiteHat Sentinel, the
company's flagship service, is the only solution that incorporates expert
analysis and industry-leading technology to provide unparalleled coverage to
protect critical data from attacks. For more information about WhiteHat
Security, please visit our website, http://www.whitehatsec.com.
SOURCE WhiteHat Security
