Digital Guardian, a Waltham, MA-based data protection platform purpose built to stop data theft, secured $66m in financing.
Backers included previous investors GE Pension Trust (advised by GE Asset Management), Fairhaven Capital Partners, Loring Wolcott & Coolidge, Special Situation Funds and Brookline Venture Partners and new investors LLR Partners, Mass Mutual Ventures LLC, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company (MassMutual), and the Venture Capital Unit of Siemens Financial Services. In conjunction with the funding, David Stienes, partner at LLR Partners, will join the company’s Board of Directors.
The company intends to use the funds to accelerate revenue growth, continue product innovation and integration, and expand its global presence.
Led by Ken Levine, chief executive officer, Digital Guardian provides a data protection platform purpose built to stop data theft. The Digital Guardian platform performs across the corporate network, traditional endpoints and servers, mobile devices and cloud applications to allow users to see and stop all threats to sensitive data.
In 2015, the company has added new Sunnyvale, CA and Salt Lake City, UT offices, acquired Code Green Networks, a provider of Network and Cloud Data Loss Prevention (DLP) software and Savant Protection, an advanced application whitelisting solution, created a dedicated federal sales division, opened a Reston, VA office to accommodate public sector demand, announced a strategic alliance with Atos, a global leader in information security services, to launch a new, cloud-based Data Loss Prevention service, established and strengthened strategic technology partnerships with Splunk, Blue Coat, HP ArcSight and IBM QRadar and added 50 new partners with the launch of DG Synergy, a global channel program for VARs and resellers.