Prolexic Technologies Closes US$30M Series C Funding

Prolexic Technologies, a Hollywood, Florida-based provider of Distributed Denial of Service (DDoS) protection services, closed a US$30m Series C funding round.

The round was led by new investors Trident Capital and Intel Capital, with participation from existing shareholders Kennet Partners, Camden Partners and Medina Capital. In conjunction with the funding, Trident Capital’s Managing Director Gustavo Alberelli will join Prolexic’s Board of Directors.

The company will use the new funding to expand its worldwide scrubbing center presence, increasing the capacity of its cloud-based DDoS mitigation platform beyond 1 Tbps, and to develop new cloud-based security services.

Founded in 2003 and led by Scott Hammack, chief executive officer, Prolexic is a Distributed Denial of Service (DDoS) mitigation provider, which can absorbs complex attacks and restore mission-critical Internet-facing infrastructures for global enterprises and government agencies within minutes.
The company, which currently operates four scrubbing centers located in London, Hong Kong, San Jose and Ashburn, Va., serves large banks and leading companies in e-Commerce, SaaS, payment processing, travel/hospitality, gaming and other at-risk industries.

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