Led by Ignition Partners with participation from IDG Ventures, funding furthers commitment to protecting critical infrastructure and information against cyber security threats
SEATTLE, MARCH 3, 2015 –Tempered Networks, Inc., provider of secure connectivity for critical infrastructure and information, today announced it has raised $15 million in a series A funding round led by Ignition Partners with participation from IDG Ventures. This brings the total amount of financing the company has raised to $22 million. The new funding will be used to build the company’s sales, marketing, and engineering teams and expand its distribution channels.
Tempered Networks also announced that John Connors, Managing Partner at Ignition Ventures, has joined its Board of Directors.
“The proliferation of connected devices is increasing enterprises’ exposure to security breaches by orders of magnitude,” said Connors. “Tempered Networks’ industrial hardened solution and world-class team will be mission critical to companies needing to secure their connected assets, across edge, corporate, and industrial networks.”
Since being commercialized in 2012, the company’s break-through technology has protected critical infrastructure—typically controlled by ICS (Industrial Control Systems) and SCADA (Supervisory Control and Data Acquisition) systems—against cyber security attacks. Tempered Networks has customers in the manufacturing, oil & gas, and utilities sectors which employ its solution to achieve a hardened, resilient, and secure network. In 2014, Tempered Networks was named 2014 North American Entrepreneurial Company of the Year by Frost and Sullivan as well as an SC Magazine 2014 Security Innovator.
“Ignition’s deep domain expertise as both investors in and operators of enterprise software companies, made them a great fit to lead this round,” said Jeff Hussey, President and CEO of Tempered Networks and founder of F5 Networks. “We have worked with both firms successfully in the past and look forward to collaborating with them as we continue to grow and extend our reach in the market.”
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.
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.