Observable Networks, Inc., a St. Louis, MO-based provider of advanced threat detection services, closed $1.625m in convertible debt funding.
Backers in the new round, which follows previously announced $2.45m in Series A1 funding in May 2014, included Vectis Healthcare and Life Sciences Fund II, a private investor, of which Stifel, Nicolaus & Company is a general partner.
The company intends to use the capital to fund the sales and marketing team and increase awareness of its dynamic endpoint modeling technology and cloud-based service platform in the IT security market.
Founded in 2011 by Bryan Doerr, CEO, Observable Networks provides network security technology and advanced threat detection services that identify compromised and misused networked devices currently escaping detection by network security tools. Its endpoint modeling technology includes a cloud-based service platform incorporating automated security analytics and real-time traffic sensors to continuously model all devices on networks of any size, all the time.