$10 million Series B-1 completed by Lastline


XDATA – August 13th 2014

lastlineA $10 million unregistered equity financing by Lastline successfully drew to a close. The non-brokered investment round was placed among nine investors. The subscription started on July 29th. The company closed three previous unregistered private placements which raised an estimated $17.4 million.

Lastline develops and markets a malware protection platform to detect and stop advanced persistent threats, zero-day exploits and evasive malware. The company’s technology inspects common network protocols and files to identify and stop advanced threats that bypass traditional signature-based systems, while remaining invisible to the malware itself by using full-system emulation. The company is backed by Redpoint Ventures and e.ventures.

The company, headquartered in Redwood City CA, is led by Jens Andreassen (CEO). Lastline elected to keep its revenues undisclosed.
The executive team includes Christopher Kruegel and Giovanni Vigna.
The board of directors includes Andreas Von Blottnitz and John Walecka.

The company has raised an estimated total of $27.4 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Lastline
Industry: Other Technology
Amount offered: $10 million
Amount placed: $10 million
First sale: 07-29-2014
Data as of: 08-12-2014

For more information visit www.XDATA.co

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