RedSeal Systems, a vendor of security posture management software, has received an investment of USD12m from venture capital firms specialising in the security industry.
In addition, security executive Mark Ashida, managing director at OVP Venture Partners and former general manager of enterprise networking and authentication for Microsoft, has joined RedSeal’s board of directors.
The investment round was led by OVP Venture Partners, whose prior security investments include Foundstone (acquired by McAfee), Watchguard Technologies and Avenda Systems. OVP was joined by existing investors Venrock, Jafco Ventures, Sutter Hill Ventures and Leapfrog Ventures. The total investment by these firms in RedSeal’s technology now exceeds USD43m.
RedSeal develops software that assesses the cybersecurity posture of an organisation, identifying weaknesses before they can be exploited.
The vast majority of data breaches experienced today, including those at Heartland Systems and TJX, are caused by relatively simple configuration errors that lurk unnoticed within an organisation’s IT infrastructure until they are discovered by a hacker. These attacks can be stopped if the oversights are discovered in time, but today’s security infrastructures are too complex and rapidly changing for manual reviews to be effective.
RedSeal pinpoints configuration oversights and vulnerabilities that create risk, ensuring that the organisation’s existing investment in firewalls, routers, patch management and security personnel is effectively protecting critical information assets.
"RedSeal addresses perhaps the most fundamental security issue facing corporations and government agencies today," says Ashida. "Cyber defences are enormously intricate, and the smallest hole could allow a hacker to defeat them. Using RedSeal, CISOs, CIOs and CEOs can be confident that they are protecting their organisations from the nearly constant cyber attacks occurring today."
