Thursday, February 28, 2008

Proofpoint provides unified email security and data loss prevention solutions has closed a $28 million financing round

What Company Is offering:
Proofpoint provides unified email security and data loss prevention solutions for enterprises, universities, government organizations and ISPs to defend against inbound threats such as spam and viruses, prevent leaks of confidential and private information across all protocols, and encrypt sensitive emails. Proofpoint's products are controlled by a single management and policy console and are powered by Proofpoint MLX(TM) technology, an advanced machine learning system developed by Proofpoint scientists and engineers. Proofpoint provides the most scalable and flexible deployment model including: hardware appliance, virtual appliance, hosted services and software.

How Much They Got From VCs:
Proofpoint, Inc., the leading provider of unified email security and data loss prevention solutions, today announced that the company has closed a $28 million financing round, led by new investor DAG Ventures. All previous investors -- including Benchmark Capital; Bridgescale Partners; Inventures Group; JAFCO Ventures; Meritech Capital Partners; Mohr, Davidow Ventures and RRE Ventures -- also participated in this round, bringing Proofpoint's total raised capital to more than $86 million. The funds will be used to accelerate Proofpoint's continued global expansion, customer acquisition and product development initiatives.

About VCs:
DAG Ventures is a venture capital partnership investing in and helping outstanding entrepreneurs create leading, long-term companies across a range of markets. With roots from the 1980's in cable TV, infrastructure, media, and wireless industries, the partnership today is privileged to work with world-class entrepreneurs as they build tomorrow's leaders in the information technology, energy, and life science sectors. DAG Ventures invests in companies with proven technology, from the prototype stage onward.

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