Red Lambda placed $200,000 worth of equity securities


red lambdaOne investor bought $200,000 worth of equity securities from Red Lambda. The subscription occurred almost two weeks ago. The offering has no fundraising cap and the company may elect to raise additional funds until the offering closes in April 2015. An estimated $225,000 is earmarked for the payment of officers’ salaries according to the filing. Two previous unregistered financing rounds raised an estimated $5.01 million.

The company developed and markets a predictive security anlaytics big data solution platform. The predictive capabilities of the platform deliver visibility and actionable intelligence that makes sense of structured and unstructured data without rules, signatures or manual programming, according to the company. The solution allows companies to deploy preemptive strategies to defend against cyber attacks. The company was awarded a patent for its system and method for storing data streams.

The company, headquartered in Longwood FL, is led by Bahram Yusefzadeh (Executive Chairman). Red Lambda elected to keep its revenues undisclosed.
The executive team includes Iain Kerr.
The board of directors includes Ahmad Haleem and Dr Saad Al-barrak.

The company has raised an estimated total of $5.21 million via private unregistered security offerings.

Offering recap
Status: On-going
Company: Red Lambda
Industry: Other Technology
Amount offered: N/A
Amount placed: $200,000
First sale: 04-18-2014
Data as of: 04-30-2014

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