FireEye Raises $14.5 Million

FireEye Inc., a Milpitas, Calif.-based provider of anti-botnet protection, has raised $14.5 million in Series C funding. DAG Ventures led the round, and was joined by Juniper Networks and return backers JAFCO Ventures, SVB Capital, Norwest Venture Partners (NVP) and Sequoia Capital. FireEye has now raised $34.5 million in total VC funding since 2005.

 

PRESS RELEASE

 

FireEye, Inc., the leader in global anti-botnet protection, today announced $14.5 million in new venture capital funding from a suite of blue-chip investors led by DAG Ventures with Juniper Networks, JAFCO Ventures, SVB Capital, Norwest Venture Partners (NVP) and Sequoia Capital also participating. The new investment marks the company's third round of funding totaling $34.5 million. FireEye will leverage the new funding to further develop the company's botnet protection solution and key sales and marketing initiatives.

“We are dedicated to addressing the growing threats of botnet-related cybercrime affecting businesses and consumers daily,” said Ashar Aziz, founder and CEO of FireEye. “This latest round of funding validates that we are at the forefront in delivering a world-class botnet protection solution and are successfully executing against our company vision.”

Botnets are armies of infected and remotely controlled computers, or bots, which are employed by cyber criminals to exploit consumers and businesses for profit. According to the Federal Bureau of Investigation (FBI), the annual loss due to computer crime is estimated at $67.2 billion for U.S. businesses. By coordinating hundreds of thousands of infected PCs into a highly efficient botnet, cyber criminals can execute a wide range of malicious attacks from denial-of-service (DoS) extortion and consumer identity theft to phishing schemes and government espionage. The increase in user-generated Web content and the popularity of Web 2.0 applications in the enterprise such as Web-based e-mail, social networking and SaaS CRM provide botnet hackers with new vectors for infiltration. Preventative measures such as FireEye's Botwall