Verdasys Raises $12M in Funding

Verdasys, a Waltham, MA-based provider of an advanced data protection platform, raised $12m in funding.

The round was led by existing investors GE Pension Trust, advised by GE Asset Management, and Fairhaven Capital, with participation from Kenneth Levine’s Brookline Venture Partners.

The company intends to use the funds to expand into new markets and additional data protection use cases, and add industry partnerships and channels.

Levine, the former Senior Vice President and General Manager of Security Management at McAfee, now Intel Security, joined Verdasys as CEO, replacing Jim Ricotta.

Verdasys provides Digital Guardian, which combines insider threat and cyber threat defense in an integrated platform to enable visibility and real-time control over user and malware activities on endpoints. It also available as a cloud-managed service.

Customers include U.S. patent holders, government agencies and Global 2000 and mid-sized companies.



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