Lastline Gets $10 Million in Funding

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Security company Lastline today announced that it has raised $10 million in funding led by Redpoint Ventures and e.ventures.

Lastline says the new funding will be used to execute the company's sales strategy, and to develop new solutions to protect organizations from advanced persistent threats, targeted attacks and zero-day threats in real time.

Redpoint Ventures partner John Walecka will also be joining Lastline's board of directors.

"We feel very fortunate to add Lastline to the Redpoint portfolio, and we believe that the company will be just as successful as two of our other industry leading security companies, Fortinet and Qihoo360," Walecka said in a statement.

"This round of funding and the addition of John to our board of directors will further propel our business to new levels as we continue to focus on our products in the channel and continue our research to develop even more solutions to help organizations protect their networks from rapidly evolving threats," Lastline CEO Jens Andreassen said in a statement.