Vericept Inc., a Denver-based provider of data leakage prevention solutions, has raised up to $8 million in new VC funding from return backer Sigma Partners. The company has now raised over $72 million in total funding since 2000.
Vericept Corporation a leading provider of data leakage prevention (DLP) solutions today announced it has successfully closed on additional funding of up to $8 million, led by Sigma Partners. This funding will allow Vericept to focus on sales expansion and drive to profitability.
“We are pleased our investors are showing continued confidence in Vericept's vision and execution,” said Dave Parkinson, President and CEO of Vericept. “Our strength in classification of unstructured data uniquely positions us to capitalize on the huge latent need for protection of intellectual property. Vericept's content-aware technology and classification tools make IP protection realizable.”
More than 800 companies and organizations deploy Vericept solutions to maintain and streamline compliance, prevent breaches of customer data and protect against the loss of intellectual property.
About Sigma Partners
Founded in 1984, Sigma Partners is a leading early-stage venture capital firm. The Sigma team uses their deep operational experience to provide entrepreneurs with practical strategic counsel through every phase of company growth. With over $1.5 billion under management and bicoastal offices, Sigma invests in innovative technology startups across the United States. Some of the market leading companies in which Sigma has invested include Atria, Cascade, Clarify, Internet Security Systems, KLA-Tencor, Octel, VeriFone, Vermeer, and Vignette. For more information, please visit http://www.sigmapartners.com.
About Vericept Corporation
Vericept is the leading provider of data leakage prevention solutions. Using patented detection and classification techniques, Vericept identifies and protects your unique business-critical information assets that, if lost, have a material impact on financial performance, company brand and reputation, and risk of non-compliance with the law. Vericept's content classification and data leakage prevention solution is deployed in over 800 organizations worldwide, making the technology the most widely deployed solution for maintaining compliance, preventing breaches of customer data, and protecting intellectual property. Vericept operates out of Waltham, Massachusetts and Denver, Colorado. More information is available at http://www.vericept.com.