Tagged: security

Rapid7 completed a new equity offering


rapid7 Rapid7 sold a total of $31.16 million in a non-brokered equity investment round. The transaction which started a little over a week ago, garnered the support of seventeen investors. It appears to be the first time the company is filling a security offering under a registration exemption.
Rapid7 develops and markets IT security data and analytic solutions that collect, contextualize and analyze the security data needed to reduce threat exposure and detect compromise. The company offers advanced capabilities for vulnerability management, penetration testing, controls assessment, incident detection and investigation across assets and users for virtual, mobile, private and public cloud networks. Investors include Bain Capital Ventures, Technology Crossover Ventures
The company, headquartered in Boston MA, is led by Corey E Thomas (CEO). Rapid7 elected to keep its revenues undisclosed.
The executive team includes Lee Weiner, Michael McKee, Richard Moseley and Steven Gatoff.
The board of directors includes Alan Matthews, Ben Holzman, Ben Nye, Chris Young, Jack Sweeney, Michael Berry and Tim McAdam.

The company reported in the past issuing an estimated $2.08 million worth of securities in conjunction with an M&A transaction.

Offering recap
Status: Completed
Company: Rapid7
Industry: Other Technology
Amount offered: $31.16 million
Amount placed: $31.04 million
SEC filing: Source
First sale: 12-09-2014
Data as of: 12-16-2014


For more information visit www.XDATA.co

Krimmeni Technologies files for first close after raising $12.1 million


XDATA – September 30th 2014

Krimmeni Technologies Krimmeni Technologies‘ first close reached $12.1 million. The company’s $12.5 million non-brokered equity issue was 97% sold to twelve investors. The first commitments were received on September 16th. Two previous unregistered financing rounds raised an estimated $2.7 million.

The company is a cloud-enabled, cybersecurity software developer focused on secure communications for connected devices. The technology is building on the company’s patented method and system called “recursive security protocol” for digital rights management (DRM). This system enables content and technology providers to deliver consumer-friendly solutions while still ensuring fair compensation to content providers. The technology is designed to support the principles of “Fair Use” and the “Right of First Sale”. “Fair Use” allows consumers to make any number of unsupervised copies of their legally purchased property. “Right of First Sale” allows consumers to resell a purchased product at any time. The unique nature of this Recursive Security Protocol permits both of these functionalities without infringing on any of the traditional rights of the copyright holder.

The company, headquartered in Austin TX, is led by David A Lundgren (CEO). No revenues were reported by the company.
The executive team includes William V Oxford.
The board of directors includes Brian Thompson, Donald R Shriner and Harry J Rosenbluth.

The company has raised an estimated total of $14.8 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Krimmeni Technologies
Industry: Other
Amount offered: $12.5 million
Amount placed: $12.1 million
First sale: 09-16-2014
Data as of: 09-30-2014

For more information visit www.XDATA.co

$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

$800,000 unregistered debt financing and first close reported by late filer Velo Labs


velo labsLate filer Velo Labs disclosed being in the market to raise $800,000 via debt issuance. Apparently 12% or $95,000 has already been subscribed by three investors. The non-brokered placement started a few months ago. An additional $705,000 in funding is to be raised until the offering draws to a close in February 2015. This is the first debt financing done by the company under a registration exemption.

The company is developing a wireless-enabled and solar-powered bike lock called skylock. The lock paired with a smartphone application (app) offers remote access, monitoring as well as emergency reporting features to increase bikers’ safety and their prized possession’s security. The company is planning on using skylock to develop the next generation bike share platform and enterprise fleet cloud-based solution.

Jack Al-Kahwati (CEO) leads the San Francisco CA based company which was registered in 2013. Velo Labs kept its revenues undisclosed.

The executive team includes Daniel O’connor and Gerardo Barroeta.

Offering recap
Status: First close
Company: Velo Labs
Industry: Other
Amount offered: $800,000
Amount placed: $95,000
First sale: 02-13-2014
Data as of: 05-15-2014

Machine Safety Management filed a first close at $220,000


machine safety managementMachine Safety Management disclosed selling 11% of its $2 million non-brokered equity financing round to one investor. According to the filing, $220,000 worth of equity was subscribed last Friday. An additional $1.78 million in funding is to be raised until the offering draws to a close in April 2015. It appears to be the first time the company is filling a security offering under a registration exemption.

The company designs and markets safety equipment for machine tools as well as an application to manage machine safety compliance and audit. The company’s flagship product is a hands free power control switch. Other products include guards and shields, and custom design services. The cloud based application include features such as audit reminders, machine life cycle tacking, and photo documentation among others.

The company, headquartered in Eden Prairie MN, is led by John P Reiter (CEO and President). Machine Safety Management elected to keep its revenues undisclosed.
The executive team includes Jack Reiter and Jeff Radichel.
The board of directors includes Andrew Rupprecht.

Offering recap
Status: First close
Company: Machine Safety Management
Industry: Other Technology
Amount offered: $2 million
Amount placed: $220,000
First sale: 04-25-2014
Data as of: 04-30-2014

Roadside assistance app, Urgent.ly, launched a $525,000 offering and placed 97%


urgentlyAccording to a document filed by Urgent.ly with the SEC, the company launched a $525,000 non-brokered equity offering. So far Urgent.ly sold 97% or $510,000 worth of new unregistered securities to ten backers. The subscription started one month ago. This is the first time Urgent.ly is selling securities under a registration exemption. CIT GAP Funds participated to the investment according to this press release.

The company developed and markets a roadside assistance application (app) for smartphones. The app allows users to tap on their phones, see tow trucks’ availability and their locations, then select the nearest one and even pay using the app. The company leverages its platform to connect customers with tow truck drivers while both parties receive accurate and essential information about each other. The app currently covers Washington DC.

Christopher Spanos (CEO) leads the Mclean VA based company which was registered in 2013. Urgent.ly elected to keep its revenues undisclosed.

The executive team includes Luke Kathol, Ric Fleisher and Surendra Goel.
The board of directors includes Matthew Hanson.

Offering recap
Status: First close
Company: Urgent.ly
Industry: Other Technology
Amount offered: $525,000
Amount placed: $510,000
First sale: 03-07-2014
Data as of: 04-17-2014

Big data security analytics developer completed $1 million equity offering


Late filer nPulse Technologies, just disclosed raising a $1 million Series B financing round which was subscribed by 14 investors. This is the second time that the company closes an offer on the private placement market. It raised close to $2 million back in November 2012.

The company develops hardware designed to record and analyze network traffic and provide a robust solution for big data security anlaytics. Its flagship product “CPX Flow & Packet Capture” is a high-speed, multi-terabyte traffic recording and analysis platform for Network Operations Center (NOC) and Security Operations Center (SOC) environments.  The high-speed, continuous recording solution provides deep, high-fidelity indexed storage of network traffic for direct analysis or use with other security or monitoring applications. CPX delivers an easily-searched, multi-level, deep-time view of network packets, trends and events.

nPulse Technologies, headquartered in Charlottesville VA, was founded in 2012 by Randy Caldejon (CTO) and Peter Shaw (Vice President). The company is lead by Tim Sullivan.

Offering recap:
Status: Closed
Company: nPulse Technologies
Industry: Other Technology
Amount offered: $1,000,000
Amount placed: $1,000,000
First Sale: 08/16/13

Wi-Fi video doorbell partially closed on its $1 million equity offering with one investor


Bot Home Automation, does business as doorbot, announced a first close of $250,000 via a fundraising effort initiated this month. 25% of the $1 million non-brokered equity offering was placed with a single investor. The private placement will remain open for a year while an additional $750,000 is raised by the company. No previous known private placement was initiated by the company in the US.

Bot Home Automation designed and markets a Wi-Fi doorbell, called doorbot, that connects to smartfones and tablets. Doorbot streams live video and audio of users’ front doors directly to their mobile devices. Once the free application (app) is downloaded it simply opens a door to your front door…literally.

Bot Home Automation, registered in 2013, is headquartered in Pacific Palisades CA. It is led by James Siminoff (Chief Inventor and CEO). Revenues were not available for the latest reporting period.
The executive team includes Mark Dillon (CTO) and August Cziment.

Offering recap:
Status: First close
Company: Bot Home Automation
Industry: Other Technology
Amount offered: $1,000,000
Amount placed: $250,000

Safety mobile app in the market with a $300,000 private placement


Tapshield is in the market with a $300,000 non-brokered equity offering. The offering is expected to close within a year. This is the first known offering initiated by the company on the US private placement market. The equity offering’s expected net proceeds will amount to $250,000 which excludes $50,000 to be paid toward officers’ salaries.

The company develops an application software for desktop computers and mobile devices that sends real-time GPS location and key profile data to public safety and emergency response personnel and allows for voice and text communications between user and public safety and emergency response personnel. The alert can be triggered by the user in one tap without having to unlock the mobile device.

Other similar applications have hit the market in the past few months such as LiveSafe and Campus Sentinel.

Tapshield, registered in 2013, is headquartered in Orlando FL. It is led by Jordan C. Johnson (President). No revenues were reported for the latest fiscal year. The executive team includes Jessica Gates. The board of directors includes Josh Greenberg and Frederick W. Leonhardt.

Offering recap
Status: Launched
Company: Tapshield
Industry: Other Technology
Amount offered: $300,000
Amount placed: $0

Campus safety app announces first close of its $500,000 debt private placement


Campus Sentinel, Inc. successfully placed 65% of its $500,000 non-brokered debt offering with thirteen investors as part of a funding agreement signed last month. The company expects to raise an additional $175,000 to close the offering within a year.This is the first known offering initiated by the company on the US private placement market.

The company offers a free mobile application (app) for iOS (iPhone/iPad operating system) that allows users instant access to campus security data for approximately 4,400 universities and colleges in the United States that report crime data to the US Department of Education in accordance with the Clery Act. In addition, the app allows users to access a resource desk with information on a range of topics. An equivalent app raised almost $500,000 in convertible debt this past June as part of a $1 million private placement. At the time, the company called LiveSafe was about to release an iOS beta version of its mobile app.

The company, headquartered in Richmond VT, was founded in 2011 by Gary J. Margolis and  Steven J. Healy.
The executive team includes Spencer Newman (CFO) and Scott Brightwell (Project Management & Client Relations).
The board of directors includes Robin D Richards along with Gary J. Margolis and  Steven J. Healy.

Offering recap:
Status: First close
Company: Campus Sentinel, Inc.
Industry: Other Technology
Amount offered:$500,000
Amount placed: $325,000