Norse Announces $10 Million in Series A Funding from Oak Investment Partners
Cybersecurity Startup Will Expand and Strengthen Engineering, Product
Development, and Sales and Marketing; Recruit Top Talent; and Bring New
Solutions to Market
SAN MATEO, Calif., Dec. 12, 2013
SAN MATEO, Calif., Dec. 12, 2013 /PRNewswire/ --Norse, a leading provider of
live threat intelligence solutions, today announced it has received $10
million in Series A funding from Oak Investment Partners, a multi-stage
venture capital firm. The cybersecurity startup will use the investment to
expand and strengthen engineering, product development, and sales and
marketing. As part of its expansion, it will also recruit top engineering and
executive talent, and bring new and innovative solutions to market to meet
high demand for its live threat intelligence solutions.
Click to Tweet: Silicon Valley #infosec #VC #funding heats up, @oakvc invests
$10 million series A in @NorseCorp #threatintelligence http://norse-corp.com/
"The cybersecurity market is in a hyper-growth stage, with the world's leading
technology analyst group predicting that it will exceed $85 billion by 2016.
Much of the demand is driven by the need for threat intelligence that can
detect cyberattacks launched against enterprises and governments," said Sam
Glines, CEO and co-founder, Norse. "With solid backing from top-tier investors
such as Oak Investment Partners and the only security solution that identifies
threats before they become attacks, we are well-positioned to provide
disruptive solutions that will significantly reduce risks for organizations
that operate in online environments, especially hostile online environments."
CTO and Co-Founder Tommy Stiansen leads Norse's engineering efforts. Under his
guidance, the company has developed a global network of resilient data
centers, next-generation threat sensors and adaptive honeypots to deliver
context-rich, live threat intelligence that aids customers in making informed
decisions to strengthen defenses and reduce the risk of data breaches. The
Norse product line includes IPViking™ and the just-released Norse Darklist™.
"Norse's experienced leadership team, vision for the future and advanced
technology are well-positioned to meet growing demand to protect companies and
governments from cyber threats," said Bandel Carano, managing partner at Oak
Investment Partners. "We look forward to partnering with the management team
to help Norse achieve its tremendous potential."
For the latest news and developments out of Norse:
oFollow Norse on Twitter: @NorseCorp
oLike Norse on Facebook: https://www.facebook.com/NorseCorporation
oFollow Norse on LinkedIn:
oSubscribe to Norse YouTube Channel:
oAdd Norse to G+ Circles: https://plus.google.com/+Norse-corp/posts
About Oak Investment Partners
Oak Investment Partners is a multi-stage venture capital firm and a lead
investor in the next generation of enduring growth companies. Since 1978, the
firm has invested $9 billion in nearly 500 companies around the world, earning
the trust of entrepreneurs with a senior team that delivers steady guidance,
deep domain expertise and a consistent investment philosophy. The firm's five
major growth sectors of focus are information technology, Internet and
consumer, financial services technology, healthcare services and clean energy.
For more information, visit www.oakvc.com.
Norse is the leading innovator in the live threat intelligence security
market. With the goal of transforming the traditionally reactive IT security
industry, Norse offers proactive, intelligence-based security solutions that
enable organizations to identify and defend against the advanced cyberthreats
of today and tomorrow. Norse's synchronous, global platform is a
patent-pending infrastructure-based technology that continuously collects and
analyzes real-time, high-risk Internet traffic to identify the sources of
cyber attacks and fraud. Norse is the only provider of live, actionable,
cyberthreat intelligence that enables organizations to prevent financial fraud
and proactively defend against today's most advanced cyber threats including
zero day and advanced persistent threats. Norse has offices in Silicon Valley,
St. Louis, and Atlanta. Visit us online at norse-corp.com.
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