Modernizing Authentication — What It Takes to Transform Secure Access
NeuVector, a container security startup, announced today that it has successfully completed a Series A round of financing totaling $7 million. Hummer Winblad Venture Partners, a venture capital firm that invests in early-stage enterprise software companies, led the round.
The fresh infusion of cash will be used to expand the company's engineering and sales teams as more businesses adopt application containers. Business also happen to be snapping up the company's own solution, according to NeuVector CEO Fei Huang.
"What we want to offer is the most secure, most automatic, and most complete container security solution available. From our launch earlier this year to today's Series A funding, the feedback from our customers has made it clear that the NeuVector solution fills a crucial gap in container security," said the executive in a Nov. 7 announcement.
"We're excited to build on the confidence our customers have placed in us as we continue to improve and expand our solution going forward," he added.
The funding arrives after several busy months for NeuVector. In April, the company partnered with Rancher Labs to help DevOps teams securely deploy application containers. In June, the company released its CIS Compliance Tools, enabling enterprises to test their Kubernetes 1.6 deployments.
Last month, during DockerCon in Copenhagen, NueVector debuted new container protection features.
"With the release of NeuVector's new quarantine capability and other new protections at DockerCon Europe 2017, security teams can now automatically or manually quarantine a container that has potentially been compromised," wrote Glen Kosaka, vice president of marketing and product management at NeuVector in a blog post. "A container quarantine isolates the container from all incoming and outgoing connections, while also preserving it for forensic investigation. Security and devops teams can still use the Docker engine to inspect the container and monitor subsequent behavior."
NeuVector joins several other cybersecurity startups that have scored VC funding in recent weeks.
On Oct. 31, Recorded Future revealed it had raised $25 million. Like many of today's cybersecurity startups, the Somerville, Mass. cyber-threat intelligence firm is using AI to help businesses block increasingly sophisticated attacks.
A week earlier, KnowBe4 raised $30 million to advance its security awareness platform. Also on Oct. 24, Averon, a mobile authentication startup, announced that it had banked $8.3 million in new funding.