Tempered Networks Completes Initial Round of Financing and Expands Board of Directors

Company adds Erik Swan, co-founder of Splunk, to its board and sets the agenda to drive a secure orchestrated Internet

SEATTLE, DECEMBER 17, 2014 Tempered Networks, Inc., a provider of secure connectivity for critical infrastructure and information, today announced that Erik Swan, co-founder of machine-data specialist Splunk, has joined its Board of Directors. In addition, Tempered Networks has completed a bridge round of financing, raising $5 million in addition to the $2 million of seed funding obtained earlier in the year.

“Tempered Networks is facing an opportunity that goes hand-in-hand with my experience at Splunk, including the technology breakthroughs of analyzing and harnessing machine data,” said Erik Swan. “The data explosion is only going to intensify with the spiraling growth of industrial control systems along with machine to machine communications, which can be gold dust for operational intelligence. Tempered Networks is poised to be a game changer and I’m thrilled to join the board supporting the company during their rapid growth.”

“We are very fortunate to add someone of Erik’s caliber, experience and track record to our team,” said Jeff Hussey, President and CEO of Tempered Networks. “We look forward to incorporating his vision and deep domain expertise in enterprise and industrial log and machine data as we add such solutions to our product offerings.”

 

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About Tempered Networks

Tempered Networks is the pioneer of Identity-Defined Networking (IDN), unifying networking and security with a simplified approach that removes the constraints of IP networking. Our elastic and fully encrypted IDN fabric protects every connected resource with a unique crypto identity, instead of a spoofable IP address, enabling you to cloak any IP or serial-enabled endpoint, machine or network--with no IP modifications. For the first time, any network and connected resource can be orchestrated, cloaked, and encrypted from the start. Device-based trust is flexible and portable and extends from any external and public cloud network to internal network hosts and clients. Any IP resource can now be instantly provisioned, moved, or revoked, making your network as adaptable as software, more secure, and simpler to manage. For more information go to www.temperednetworks.com.

You can also follow us @TemperedNW on Twitter or visit us on LinkedIn for more information about Tempered Networks and our technology.

 

 

 

Forward-looking statements. Certain statements contained in this press release may constitute forward-looking statements. Such statements include, for example, statements regarding the Company’s or management’s beliefs, expectations, estimations, plans, projections and similar statements. Any such forward-looking statements involve risks, uncertainties and other factors that may cause the Company’s actual results and performance, or industry results to be materially different from any results or performance expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this press release and there can be no assurance that the results and events contemplated by such forward-looking statements will, in fact, occur. The Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statement contained herein.

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