Wednesday, February 20, 2008

Safend is a leading provider of endpoint data leakage prevention solutions got $9 million in Funding

What Company Is Offering:
Safend is a leading provider of endpoint data leakage prevention solutions that protect against corporate data loss via physical, wireless, and removable media ports while ensuring compliance with regulatory data security and privacy standards. Safend's solutions, available through resellers worldwide, are deployed by multinational enterprises, government agencies and small to mid-size companies across the globe.

How Much They Got From VCs:
It has secured its Series C round of funding. The $9 million round is being funded by a leading multi-billion dollar European asset management firm, as well as Safend's existing investors, Elron (NasdaqGS:ELRN - News) (Tel Aviv:ELRN.TA - News), Intel Capital and Walden Israel Venture Capital. The new funding enables Safend to accelerate development efforts of its core technology, new solution offerings, and fund continued growth through strategic partnerships and distribution channels worldwide.

About VCs:
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing, and cleantech. Since 1991, Intel Capital has invested more than US$6 billion in approximately 1,000 companies in more than 40 countries. In that timeframe, about 157 portfolio companies have gone public on various exchanges around the world and another 187 have been acquired by other companies.

2.Walden Israel is one of the first Israeli venture capital funds dedicated to investing in early-stage start-ups. Their investment team comprises experienced entrepreneurs and their international affiliation spans twenty-five years of experience in building over four hundred early-stage companies. With over $185 million under management in three funds, Walden Israel concentrates investments in Enterprise Software and e/c-Commerce Technology; and Communication and Internet Infrastructure. For more information, contact Noga Kap, Walden Israel General Partner, +972-9-961-8000, +972-54-4428289, or +1 (415) 215-8106 or Leslie Perlberg, Director of Marketing Communications, +972-54-661-7611.


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