Tagged: traffic monitoring

Avenace placed $100,000 worth of debt securities

avenaceOne investor bought $100,000 worth of debt securities from Avenace. The subscription occurred two days ago. The offering has no fundraising cap and the company may elect to raise additional funds until the offering closes in April 2015. The company expects $174,000 worth of proceeds will be used toward the payment of officers’ salaries. A prior unregistered securities offering which raised an estimated $450,000 was completed by the company.

The company developed a mobile application called PlaceProps for users to record, map, and share information about places of value to them. The application while being free is monetized by the company for audience measurement of physical places. The company built an exchange for businesses to analyse traffic patterns such as demographic and frequency at specific locations. The data is collected from opt-in real consumers.

The company, headquartered in Seattle WA, is led by Roger D Percy (President). Avenace kept its revenues undisclosed.
The executive team includes Penelope Chambers Percy and Roger Cameron Percy.

The company has raised an estimated total of $550,000 via private unregistered security offerings.

Offering recap
Status: On-going
Company: Avenace
Industry: Other Technology
Amount offered: N/A
Amount placed: $100,000
First sale: 04-01-2014
Data as of: 04-03-2014


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

Distributed Denial of Service protection provider raised $300,000 in equity

IRC Company, Inc. (IRC) has closed on what it seems to be the first installment of a $900,000 Series A preferred stock offering. The non-brokered private placement was subscribed by one investor. IRC does business as Black Lotus Communications and according to an article published on Forbes.com, the company is profitable with 2012 revenues of $2.1 million and twelve employees. Black Lotus is self-financed and backed by angel investor Arman Khalili. According to the same article, an initial public offering is in the company’s future.

Black Lotus provides protection services against distributed denial of service (DDoS) attacks. DDoS attacks produce a sudden increase in traffic that ultimately shuts down a targeted website or server. According to “the state of the internet” a report published by Akamai, DDoS attacks have increased by 200% year-over-year in 2012 and other reports highlight the ever increasing potency of the attacks. The company recently released its human behavior analysis (HBA), a patent-pending method to analyse traffic and provide DDoS mitigation, in an effort to step up the competition with bigger firms.

The company, headquartered in Los Angeles, was founded in  by Jeffrey Lyon (President and CEO). The executive team includes Shawn Marck as vice president.