TL;DR:
- Bastille Networks secures $44 million in Series C funding led by Goldman Sachs.
- Existing investor Bessemer Venture Partners also participates in the funding round.
- Bastille Networks is known for its innovative wireless threat intelligence technology.
- The company offers advanced wireless security solutions with a focus on visibility and control.
- Bastille’s patented software-defined radio and machine learning algorithms identify and localize threats.
- CEO Chris Risley expresses enthusiasm for the investment and partnership with Goldman Sachs.
Main AI News:
In a groundbreaking development for the wireless threat intelligence technology sector, Bastille Networks proudly announces a momentous Series C funding round, securing a staggering $44 million in investment. Spearheaded by Growth Equity at Goldman Sachs Asset Management, with the participation of existing investor Bessemer Venture Partners, this significant financial infusion underscores Bastille’s position as a leader in the industry.
Bastille Networks, a company renowned for its innovative prowess, has consistently attracted top-tier investors since its inception during the Seed stage. Notable backers include Comcast, Bessemer, and a diverse array of individual supporters. This latest funding round solidifies Bastille’s reputation as a trailblazer in the wireless security landscape.
At the forefront of the industry, Bastille Networks caters to a diverse clientele that includes high-tech firms, financial institutions, and entities within the intelligence community. What sets Bastille apart is its state-of-the-art approach to wireless security, offering unmatched visibility and control over the myriad of wireless devices that permeate corporate airspace.
Leveraging patented software-defined radio technology and advanced machine learning algorithms, Bastille not only identifies potential threats but also precisely locates them. This empowers security teams to effectively neutralize risks posed to network infrastructure, a critical need in today’s increasingly interconnected world.
Expressing his enthusiasm about the investment and the strategic alliance with Goldman Sachs, Bastille CEO Chris Risley stated, “This $44 million investment from Goldman Sachs, coupled with a shared vision of how our unique offering will help customers secure their radio frequency airspace, is a clear indicator of the strength of Bastille’s products.”
Risley added, “Bastille has tripled Annual Recurring Revenue in the last year and is on track to more than double ARR again this year. Given their product experience as a Bastille customer, we are thrilled to deepen our relationship with Goldman Sachs as we bring them on as an investor.”
Conclusion:
Bastille Networks’ successful Series C funding, led by Goldman Sachs, highlights the growing interest and investment in wireless threat intelligence technology. This significant financial infusion not only solidifies Bastille’s position as an industry leader but also indicates a promising future for the wireless security market, as innovative companies like Bastille continue to attract substantial funding and expand their offerings to meet the evolving needs of the cybersecurity landscape.
