Solera Networks raises $7 million

Meliza Solan Surdi · April 15, 2009 · Short URL:

Provider of network forensics raises round to expand in Japan

 Solera Networks, a provider of network forensics, announced Wednesday that it's raised $7 million in new funding from Allegis Capital. The software essentially captures, stores and replays network traffic around a security breach to help companies understand what happened to their network when it's damaged.

Typical defensive tools, which fail about 96% of the time, only alert companies that someone got in, but not where they went or what they did, according to the company.

The Lindon, UT-based startup plans to use the capital to grow sales and marketing, including expansion of its Japanese operations.

“We can expect to see more aggressive attacks targeting vulnerabilities that have been recently classified, but for which a remedy is still under development,” said Nick Selby, Vice President and Research Director of the Enterprise Security Practice at industry analyst firm The 451 Group. “Network forensics technologies, like those from Solera Networks, can replay past network events in full fidelity and help identify the scope of the exploit. Swift identification leads to protection against further exposure.”

The latest funding follows a $5 million investment from Canopy a year ago and $3.9 million from the same investor in 2006.

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