Dtex Systems, a San Jose, CA-based insider threat protection company, closed a $15m Series A funding.
The round was co-led by Norwest Venture Partners and Wing Ventures. In conjunction with the funding, Gaurav Garg, founding partner at Wing Venture Partners, and Promod Haque, senior managing partner at NVP, joined Dtex Systems’ board.
The company intends to use the funds to expand its reach and widen the availability of its solutions.
Led by Mohan Koo, CEO and founder, Dtex Systems provides advanced endpoint security solutions that enable enterprises to proactively stop insider cyber threats while safeguarding employee privacy and meeting international privacy laws. The technology gives enterprises a deep view into activity across the organization to mitigate threats ranging from intellectual property theft, attacks launched by malicious insiders with access to internal systems, and accidental disclosure of sensitive materials by employees.
The company, which has market traction in EMEA and APAC, is entering into the U.S. market as it moves its corporate headquarters to Silicon Valley. It was originally founded in Australia with early stage funding from the Australian Government’s technology innovation program.