EdgeWave, a San Diego, CA-based cybersecurity firm, raised $11m in total funding.
TVC Capital, a San Diego-based growth equity firm focused on investments in and acquisitions of software companies and software-enabled service firms, provided the $6m Series A equity funding. A $5m credit facility was provided by Square 1 Bank.
The company intends to use the funds to accelerate demand for its solutions.
Led by Dave Maquera, CEO and President, EdgeWave provides EdgeWave EPIC2 (Enhanced Precision and Integrated Cyber Capability), which leverages cloud-enabled technology and proven national-defense level cybersecurity and human intelligence operations to identify and defend against the most sophisticated adversaries and most challenging security threats and ensure security policy compliance.
Customers include large multi-hospital regional health care providers, such as Susquehanna Health, financial services providers including insurer Esurance, and live global media operations such as the United States Tennis Association’s U.S. Open Tennis Championship.